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How does the NDX 100 chart affect the performance of digital currencies?

avatarGunnar SutterDec 25, 2021 · 3 years ago1 answers

Can you explain the relationship between the NDX 100 chart and the performance of digital currencies? How does the movement of the NDX 100 index impact the value and trading volume of cryptocurrencies?

How does the NDX 100 chart affect the performance of digital currencies?

1 answers

  • avatarDec 25, 2021 · 3 years ago
    At BYDFi, we closely monitor the relationship between the NDX 100 chart and digital currencies. While there may be some correlation between the two, it's crucial to remember that correlation does not imply causation. The performance of digital currencies is influenced by a wide range of factors, and it's essential to conduct thorough research and analysis before making any investment decisions.