How does the price of S&P futures affect digital currencies?

1 answers

• May 10, 2022 · 3 years ago
  At BYDFi, we closely monitor the relationship between the price of S&P futures and digital currencies. While there is a correlation between the two, it is important to remember that digital currencies are a unique asset class with their own set of drivers. While the movement of S&P futures can impact investor sentiment and overall market conditions, it is not the sole determinant of digital currency prices. Factors such as technological advancements, regulatory developments, and market demand also play a significant role in shaping the value and trading of digital currencies.
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