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TagsHow did the stock price of Amazon affect the cryptocurrency market in 2001?
Lukas NeubauerDec 27, 2021 · 3 years ago1 answersIn 2001, how did the fluctuation in the stock price of Amazon impact the cryptocurrency market? Did it have any significant effects on the prices of cryptocurrencies? What were the reactions from investors and traders in the cryptocurrency market during that time?
1 answers
- As an expert in the cryptocurrency market, I can confidently say that the stock price of Amazon in 2001 had little to no impact on the cryptocurrency market. The two markets operate independently, with different dynamics and factors driving their respective price movements. While some investors may have paid attention to Amazon's stock price as a gauge of overall market sentiment, the correlation between the stock price of a traditional company like Amazon and the cryptocurrency market is weak at best. Therefore, it is safe to say that the stock price of Amazon did not have a substantial influence on the cryptocurrency market in 2001.Dec 27, 2021 · 3 years ago
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