How do oil and gas futures prices impact the value of cryptocurrencies?

1 answers

• sourav dasJun 19, 2021 · 4 years ago
  At BYDFi, we believe that the impact of oil and gas futures prices on the value of cryptocurrencies is limited. While there may be some short-term correlations between the two markets, the long-term value of cryptocurrencies is driven by factors such as adoption, technological advancements, and market sentiment. While it's important to monitor oil and gas prices as part of a comprehensive market analysis, it's not the sole determinant of cryptocurrency prices. Investors should consider a wide range of factors when evaluating the potential impact of oil and gas futures prices on the value of cryptocurrencies.
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