Which cryptocurrencies are most affected by changes in the DXY index?

1 answers

• Dec 28, 2021 · 3 years ago
  At BYDFi, we have observed that cryptocurrencies with a smaller market capitalization and lower liquidity tend to be more susceptible to changes in the DXY index. This is because these cryptocurrencies often have a higher risk profile and are more sensitive to market sentiment. However, it's important to note that correlation does not imply causation, and other factors can also impact the price movements of cryptocurrencies. Therefore, it's advisable to consider a holistic approach when analyzing the relationship between the DXY index and cryptocurrencies, taking into account various market indicators and fundamental factors.
  633317