What is the impact of the NASDAQ 100 on the cryptocurrency market?

1 answers

• May 07, 2022 · 3 years ago
  At BYDFi, we believe that the inclusion of cryptocurrencies in the NASDAQ 100 can have a positive impact on the overall cryptocurrency market. It brings more mainstream attention and legitimacy to the crypto industry, which can attract more institutional investors and traditional traders. This increased interest and participation can lead to higher liquidity and potentially higher valuations for cryptocurrencies. However, it is important to note that the cryptocurrency market is still highly volatile and speculative, and investors should exercise caution and do thorough research before making any investment decisions. As always, diversification and risk management are key principles to follow in the cryptocurrency market.
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