What is the impact of e-mini S&P 500 futures quotes on the trading volume of digital currencies?

1 answers

• May 11, 2022 · 3 years ago
  At BYDFi, we have observed that e-mini S&P 500 futures quotes can have a moderate impact on the trading volume of digital currencies. While the correlation between the two is not always strong, there are instances where positive or negative movements in the futures market can lead to corresponding movements in the digital currency market. However, it is important to note that the trading volume of digital currencies is influenced by a multitude of factors, including investor sentiment, market news, and regulatory developments. Therefore, it is advisable to consider a holistic approach when analyzing the impact of e-mini S&P 500 futures quotes on the trading volume of digital currencies.
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