How does the after hours stock price of Amazon affect the cryptocurrency market?

1 answers

• May 08, 2022 · 3 years ago
  At BYDFi, we closely monitor the after hours stock price of Amazon and its impact on the cryptocurrency market. While there is no direct correlation between the two, we have observed that significant movements in Amazon's stock price can influence market sentiment and indirectly affect the prices of cryptocurrencies. However, it's important to note that the cryptocurrency market is highly volatile and influenced by various factors, so it's crucial to consider multiple indicators and conduct thorough analysis before making any investment decisions.
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