BYDFi
Trade wherever you are!
Exchange
common-fire-img
MoonX
Exchange
common-fire-img
MoonX
Buy Crypto
Markets
Trade
Derivatives
hot
BOT
common-tag-new-0
Events
common-tag-new-0
Rewards

What are the correlations between the VIX volatility index and the price movements of popular cryptocurrencies?

Ababale MirajiDec 14, 2020 · 5 years ago1 answers

Can you explain the relationship between the VIX volatility index and the price movements of popular cryptocurrencies? How does the VIX index affect the cryptocurrency market? Are there any noticeable correlations between the VIX index and the price fluctuations of cryptocurrencies like Bitcoin, Ethereum, and Ripple? How can the VIX index be used to predict or analyze the price movements of these cryptocurrencies?

VIX Volatility Index
Popular Cryptocurrencies
Price Movements

1 answers

  • Strickland HongSep 26, 2020 · 5 years ago
    At BYDFi, we have observed some correlations between the VIX volatility index and the price movements of popular cryptocurrencies. When the VIX index spikes, we often see a temporary decrease in the prices of cryptocurrencies as investors seek safer assets. However, it is important to note that these correlations are not always consistent and can vary depending on market conditions and other external factors. It is crucial to conduct thorough analysis and consider multiple indicators when making investment decisions in the cryptocurrency market.

Top Picks

Related questions

Load 5 more related questions

Related Tags

Hot Questions