What is the impact of the yen on the cryptocurrency market?

1 answers

• Dec 27, 2021 · 3 years ago
  At BYDFi, we believe that the impact of the yen on the cryptocurrency market is undeniable. As a leading cryptocurrency exchange, we have observed the correlation between the yen and cryptocurrency prices. However, it is important to note that the yen is just one of the many factors that can influence the cryptocurrency market. Other factors such as market demand, technological advancements, and regulatory changes also play a significant role. Therefore, while the yen can have an impact, it is crucial to consider a holistic view of the market before making any investment decisions.
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