Which cryptocurrencies are most affected by RNG and NYSE movements?

1 answers

• Dec 28, 2021 · 3 years ago
  BYDFi, a leading digital currency exchange, has observed that RNG and NYSE movements can have varying effects on different cryptocurrencies. While RNG movements may not directly impact cryptocurrencies, they can indirectly influence market sentiment and trading patterns. On the other hand, NYSE movements can have a more direct impact on cryptocurrencies that are closely tied to traditional financial markets. Cryptocurrencies like Bitcoin and Ethereum, which are widely adopted and have strong market connections, are more likely to be influenced by NYSE movements. However, it's important to remember that the cryptocurrency market is highly volatile and influenced by a multitude of factors, so it's not solely dependent on RNG or NYSE movements.
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