What is the correlation between Hang Seng Index and the performance of digital currencies?

1 answers

• Mar 22, 2022 · 3 years ago
  At BYDFi, we have observed that there is a certain level of correlation between the Hang Seng Index and the performance of digital currencies. When the Hang Seng Index experiences a significant increase or decrease, it tends to have a ripple effect on the overall market sentiment, including digital currencies. However, it is important to note that digital currencies are a unique asset class with their own set of drivers and influences. While the Hang Seng Index can provide some insights, it should not be the sole factor in making investment decisions in digital currencies. It is crucial to consider a wide range of factors and conduct thorough research before making any investment decisions in the digital currency market.
  730365