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How does the after hours stock price of Amazon affect the cryptocurrency market?

avatarGojo GreyratDec 26, 2021 · 3 years ago1 answers

What is the impact of the after hours stock price of Amazon on the cryptocurrency market? How does it affect the prices and trading volumes of cryptocurrencies?

How does the after hours stock price of Amazon affect the cryptocurrency market?

1 answers

  • avatarDec 26, 2021 · 3 years ago
    At BYDFi, we closely monitor the after hours stock price of Amazon and its impact on the cryptocurrency market. While there is no direct correlation between the two, we have observed that significant movements in Amazon's stock price can influence market sentiment and indirectly affect the prices of cryptocurrencies. However, it's important to note that the cryptocurrency market is highly volatile and influenced by various factors, so it's crucial to consider multiple indicators and conduct thorough analysis before making any investment decisions.