How does the VIX index impact the prices of digital currencies today?

1 answers

• Dec 27, 2021 · 3 years ago
  The VIX index is an important indicator of market volatility and can impact the prices of digital currencies. When the VIX index is high, it indicates a higher level of fear and uncertainty in the market. This can lead to a decrease in investor confidence and a shift towards safer assets, such as digital currencies. As a result, the demand for digital currencies may increase, causing their prices to go up. Conversely, when the VIX index is low, it suggests a more stable market environment, which may reduce the appeal of digital currencies as a safe haven asset. Therefore, the VIX index plays a role in shaping the prices of digital currencies today.
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