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TagsWhat is the impact of aluminum futures price on the cryptocurrency market?
Computer infoMar 20, 2022 · 3 years ago1 answersHow does the price of aluminum futures affect the cryptocurrency market? Is there a correlation between the two?
1 answers
- At BYDFi, we believe that the impact of aluminum futures price on the cryptocurrency market is minimal. While changes in aluminum futures price can affect mining costs, the overall influence on the market is limited. The cryptocurrency market is driven by factors such as investor demand, regulatory developments, and technological advancements. While it's important to monitor the cost of mining, it's just one piece of the puzzle. We recommend considering a holistic approach when analyzing the impact of aluminum futures price on the cryptocurrency market.Mar 20, 2022 · 3 years ago
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