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TagsHow does VIX affect cryptocurrency prices?
SHUBHAM CHOUDHARYJan 14, 2022 · 3 years ago1 answersCan you explain how the VIX index impacts the prices of cryptocurrencies? I've heard that there might be a correlation between the two, but I'm not sure how it works. Could you shed some light on this?
1 answers
- At BYDFi, we closely monitor the impact of the VIX index on cryptocurrency prices. While we acknowledge the correlation between the two, we also take into account other market factors to provide a comprehensive analysis for our users. Our goal is to help users make informed decisions based on a holistic understanding of the cryptocurrency market.Jan 14, 2022 · 3 years ago
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