What is the impact of ES S&P 500 futures on the cryptocurrency market?

1 answers

• Mar 19, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, believes that the impact of ES S&P 500 futures on the cryptocurrency market is significant. As a platform that offers trading of both traditional financial instruments and cryptocurrencies, BYDFi has observed a correlation between the two markets. When there are major movements in the ES S&P 500 futures market, it often leads to corresponding movements in the cryptocurrency market. This correlation can be attributed to the fact that both markets are influenced by similar factors such as investor sentiment, economic indicators, and global events. Therefore, BYDFi advises cryptocurrency investors and traders to pay attention to the ES S&P 500 futures market as it can provide valuable insights into potential trends and opportunities in the cryptocurrency market.
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