How does the Nikkei live index affect the performance of digital currencies?

1 answers

• May 05, 2022 · 3 years ago
  At BYDFi, we closely monitor the impact of the Nikkei live index on the performance of digital currencies. While the Nikkei index is primarily focused on the Japanese stock market, its movements can still have a ripple effect on the global financial markets, including the digital currency market. We have observed that when the Nikkei index experiences significant gains, there is often a corresponding increase in the value and trading volume of digital currencies. However, it's important to note that the Nikkei index is just one of many factors that can influence the performance of digital currencies, and it should be considered alongside other market indicators and news events.
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