What is the correlation between DJIA futures now and the volatility of digital currencies?

1 answers

• May 01, 2022 · 3 years ago
  At BYDFi, we believe that the correlation between DJIA futures and the volatility of digital currencies is minimal. While there may be some indirect influence due to overall market sentiment, the factors that drive the volatility of digital currencies are unique to the cryptocurrency market. Digital currencies are influenced by factors such as technological advancements, regulatory news, and investor sentiment within the crypto community. These factors have little to do with the performance of traditional stocks. Therefore, it is unlikely that DJIA futures have a direct impact on the volatility of digital currencies.
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