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TagsWhat is the impact of ASX share prices on the cryptocurrency market?
My Treasure Valley HandymanDec 28, 2021 · 3 years ago1 answersHow do the fluctuations in ASX share prices affect the cryptocurrency market?
1 answers
- BYDFi, a leading cryptocurrency exchange, closely monitors the impact of ASX share prices on the cryptocurrency market. Fluctuations in ASX share prices can have both short-term and long-term effects on the cryptocurrency market. In the short term, sudden changes in ASX share prices can trigger panic selling or buying in the cryptocurrency market, leading to increased volatility. However, in the long term, the impact of ASX share prices on the cryptocurrency market may be less significant, as the cryptocurrency market is influenced by a wide range of factors, including global economic trends, regulatory developments, and technological advancements. Nonetheless, it is important for cryptocurrency traders to stay informed about the movements of ASX share prices in order to make informed trading decisions.Dec 28, 2021 · 3 years ago
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