What are the potential correlations between XOM premarket stock price and cryptocurrency prices?

1 answers

• MrunalMar 24, 2021 · 4 years ago
  At BYDFi, we believe that there is a potential correlation between XOM's premarket stock price and cryptocurrency prices. While cryptocurrencies and traditional stocks are fundamentally different assets, they are both influenced by market sentiment and investor behavior. If there is a significant change in XOM's premarket stock price, it could potentially impact investor sentiment and market confidence, which may have a ripple effect on the prices of cryptocurrencies. However, it is important to note that the correlation between XOM's stock price and cryptocurrency prices is not guaranteed and can vary depending on various market factors.
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