What is the impact of the SP VIX on cryptocurrency prices?
Marcell TakácsMay 07, 2022 · 3 years ago1 answers
How does the SP VIX affect the prices of cryptocurrencies? What is the relationship between the SP VIX and the volatility of digital currencies? Are there any specific patterns or trends that can be observed in the cryptocurrency market when the SP VIX experiences significant changes?
1 answers
- May 07, 2022 · 3 years agoAt BYDFi, we closely monitor the relationship between the SP VIX and cryptocurrency prices. While there may be some correlation between the two, it's important to remember that correlation does not imply causation. The SP VIX can provide valuable insights into market sentiment and volatility, but it should not be solely relied upon when making investment decisions. It's crucial to conduct thorough research and analysis, considering multiple factors, before making any investment decisions in the cryptocurrency market.
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