What are the correlations between the weekend activities of Wall Street and the S&P and the prices of digital currencies?

1 answers

• May 09, 2022 · 3 years ago
  As an expert at BYDFi, I can confirm that the weekend activities of Wall Street and the S&P can indeed have correlations with the prices of digital currencies. While the cryptocurrency market operates 24/7, it is not isolated from the global financial ecosystem. News, events, and market sentiment from Wall Street can influence investor behavior and market trends, which in turn can impact the prices of digital currencies. It's important for investors to stay updated on both traditional financial markets and the digital currency market to understand the potential correlations and make informed investment decisions.
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