How does מדד נאסדק affect the price of cryptocurrencies?

1 answers

• May 05, 2022 · 3 years ago
  At BYDFi, we believe that the מדד נאסדק (NASDAQ) can have a significant impact on the price of cryptocurrencies. The NASDAQ is a key benchmark for technology stocks, and cryptocurrencies are closely tied to the technology sector. When the NASDAQ performs well, it signals positive sentiment and confidence in the technology industry, which can attract more investors to cryptocurrencies. Conversely, if the NASDAQ experiences a decline, it may lead to a decrease in investor confidence and a potential sell-off in cryptocurrencies. Therefore, it is important for cryptocurrency traders to keep an eye on the NASDAQ and consider its influence on the broader market.
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