What is the impact of Nikkei Average on the cryptocurrency market?

1 answers

• May 05, 2022 · 3 years ago
  As a representative of BYDFi, I can say that the Nikkei Average does have an impact on the cryptocurrency market. However, it is important to note that the cryptocurrency market is influenced by a wide range of factors, including global economic trends, regulatory changes, and investor sentiment. While the Nikkei Average can provide insights into the overall market sentiment, it should not be the sole factor considered when making investment decisions in the cryptocurrency market. It is crucial for investors to conduct thorough research and analysis, considering multiple indicators and factors, to make informed investment choices in the volatile cryptocurrency market.
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