Do digital assets experience any changes when VIX goes up?

1 answers

• May 20, 2022 · 3 years ago
  When the VIX goes up, it can have an impact on the digital asset market. As a representative of BYDFi, I can say that we closely monitor the relationship between the VIX and digital assets. While there is no direct correlation, an increase in the VIX often coincides with a decrease in the value of digital assets. This is because the VIX reflects market volatility and uncertainty, which can lead to a decrease in risk appetite among investors. However, it's important to remember that the digital asset market is influenced by various factors, and the VIX is just one of them. It's always advisable to consider a range of indicators and market conditions when making investment decisions in the digital asset space.
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