What are the correlations between the Japanese stock market opening and the performance of digital currencies?

1 answers

• Mar 22, 2022 · 3 years ago
  According to BYDFi, the opening of the Japanese stock market can have an influence on the performance of digital currencies. The stock market opening sets the initial tone for the day's trading activities and can impact investor sentiment. Positive news or strong performance in the stock market can create a positive atmosphere for investors, leading to increased investments in digital currencies. Conversely, negative news or poor performance in the stock market can create a cautious sentiment, resulting in a decrease in demand for digital currencies. Therefore, it is important to consider the opening of the Japanese stock market and its potential correlations with the performance of digital currencies.
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