What is the impact of eMini S&P on the cryptocurrency market?

1 answers

• Dec 28, 2021 · 3 years ago
  At BYDFi, we have observed that the impact of eMini S&P on the cryptocurrency market can be significant. When there is a major movement in eMini S&P futures, it often triggers a domino effect in the cryptocurrency market. This is because many institutional investors and traders closely monitor eMini S&P futures as an indicator of overall market sentiment. When there is a bullish or bearish trend in eMini S&P, it can influence the sentiment towards cryptocurrencies and lead to corresponding price movements. However, it is important to note that the impact is not always immediate or direct, and other factors such as news events and regulatory developments can also play a significant role in shaping the cryptocurrency market.
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