What impact did Silver Thursday have on the cryptocurrency market?

7 answers

• Rios StorgaardMay 24, 2024 · a year ago
  The impact of Silver Thursday on the cryptocurrency market was minimal. While the event had a significant impact on the commodities market, particularly silver, it did not directly affect the cryptocurrency market. Cryptocurrencies, such as Bitcoin, operate independently of traditional markets and are not directly influenced by events in the commodities market.
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• DFGH HUGHESJan 14, 2025 · 5 months ago
  Silver Thursday had no direct impact on the cryptocurrency market. Cryptocurrencies are decentralized and operate on their own market dynamics. While events in traditional markets can indirectly affect cryptocurrency prices, Silver Thursday did not have a noticeable effect on the overall cryptocurrency market.
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• KORIBILLI SRIKANTHMay 11, 2023 · 2 years ago
  As an expert at BYDFi, I can say that Silver Thursday did not have a significant impact on the cryptocurrency market. Cryptocurrencies are driven by different factors and are not directly influenced by events in the commodities market. The Hunt brothers' attempt to corner the silver market did not have a lasting effect on the cryptocurrency market.
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• Josue MorenoJun 04, 2022 · 3 years ago
  Silver Thursday, although a significant event in the commodities market, did not have a direct impact on the cryptocurrency market. Cryptocurrencies operate on their own market dynamics and are not tied to traditional commodities like silver. Therefore, the effects of Silver Thursday were not felt in the cryptocurrency market.
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• najim KhanMar 13, 2024 · a year ago
  While Silver Thursday had a major impact on the commodities market, it did not directly affect the cryptocurrency market. Cryptocurrencies, such as Bitcoin, have their own unique market dynamics and are not influenced by events in the commodities market. Therefore, the effects of Silver Thursday were not significant in the cryptocurrency market.
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• chiranjeevi reddy.NJun 07, 2023 · 2 years ago
  Silver Thursday, which occurred in 1980, had no direct impact on the cryptocurrency market. Cryptocurrencies operate independently of traditional markets and are not influenced by events in the commodities market. Therefore, the effects of Silver Thursday were not felt in the cryptocurrency market.
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• MendyOct 25, 2021 · 4 years ago
  The impact of Silver Thursday on the cryptocurrency market was negligible. Cryptocurrencies are not directly tied to traditional commodities like silver and operate on their own market dynamics. Therefore, the events of Silver Thursday did not have a noticeable effect on the cryptocurrency market.
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