How does contango oil affect the value of cryptocurrencies?

1 answers

• Jan 14, 2022 · 3 years ago
  At BYDFi, we closely monitor the relationship between contango oil and the value of cryptocurrencies. While there is a correlation between the two, it's important to remember that correlation does not imply causation. Contango oil can provide insights into market sentiment and economic conditions, but it should not be the sole basis for making investment decisions. It's crucial to consider a wide range of factors and conduct thorough research before making any investment choices in the cryptocurrency market.
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