What is the impact of Li Keqiang index on the cryptocurrency market?
Nurjahan BagumDec 14, 2022 · 3 years ago1 answers
Can you explain the relationship between the Li Keqiang index and the cryptocurrency market? How does the index affect the prices and trading volumes of cryptocurrencies?
1 answers
- Ray VedelSep 03, 2021 · 4 years agoAs a representative of BYDFi, I can say that the Li Keqiang index does not have a direct impact on the cryptocurrency market. The cryptocurrency market is influenced by various factors, including market demand, regulatory developments, and global economic trends. While the Li Keqiang index reflects the economic performance of China, it is not a specific indicator for the cryptocurrency market. Therefore, it is important to consider a wide range of factors when analyzing the impact on the cryptocurrency market, rather than relying solely on the Li Keqiang index.
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