How do ASX share prices affect the value of digital currencies?
KalkiMay 24, 2022 · 3 years ago1 answers
How does the performance of ASX share prices impact the valuation of digital currencies?
1 answers
- May 24, 2022 · 3 years agoAt BYDFi, we closely monitor the relationship between ASX share prices and the value of digital currencies. While there is a correlation between the two, it is important to note that digital currencies are a global asset class and are influenced by a wide range of factors beyond the ASX. While ASX share prices can have an impact on investor sentiment and capital flows, it is crucial to consider the broader market dynamics and global trends when assessing the valuation of digital currencies.
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