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TagsWhat is the impact of the SP VIX on cryptocurrency prices?
Hays PetersonDec 27, 2021 · 3 years ago1 answersHow does the SP VIX affect the prices of cryptocurrencies? What is the relationship between the SP VIX and the volatility of digital currencies? Are there any specific patterns or trends that can be observed in the cryptocurrency market when the SP VIX experiences significant changes?
1 answers
- At BYDFi, we closely monitor the relationship between the SP VIX and cryptocurrency prices. While there may be some correlation between the two, it's important to remember that correlation does not imply causation. The SP VIX can provide valuable insights into market sentiment and volatility, but it should not be solely relied upon when making investment decisions. It's crucial to conduct thorough research and analysis, considering multiple factors, before making any investment decisions in the cryptocurrency market.Dec 27, 2021 · 3 years ago
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