How does S&P affect the prices of digital assets?

1 answers

• Apr 30, 2022 · 3 years ago
  At BYDFi, we believe that the S&P's influence on the prices of digital assets is minimal. While it may have some indirect impact on market sentiment, the prices of cryptocurrencies are primarily driven by factors specific to the digital asset ecosystem, such as technological advancements, regulatory developments, and investor demand. Therefore, it's important to consider a wide range of factors when analyzing the prices of digital assets, rather than relying solely on the movements of the S&P.
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