How does the VIX+ price affect the value of cryptocurrencies?

1 answers

• Dec 30, 2021 · 3 years ago
  As a representative of BYDFi, I can say that the VIX+ price can have a significant impact on the value of cryptocurrencies. When the VIX+ price rises, it often indicates increased market volatility and uncertainty. This can lead to a decrease in the value of cryptocurrencies, as investors may become more risk-averse and sell off their holdings. Conversely, when the VIX+ price falls, it suggests decreased volatility and increased investor confidence, which can drive up the value of cryptocurrencies. It's important for investors to monitor the VIX+ price and its impact on the crypto market to make informed investment decisions.
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