What is the impact of the VIX index on the cryptocurrency market?
Muhammad FauziMay 01, 2022 · 3 years ago1 answers
How does the VIX index affect the cryptocurrency market? What is the relationship between the VIX index and the price volatility of cryptocurrencies? Are there any specific patterns or correlations between the VIX index and the performance of different cryptocurrencies?
1 answers
- May 01, 2022 · 3 years agoAt BYDFi, we closely monitor the relationship between the VIX index and the cryptocurrency market. While there can be some indirect influence, we believe that the VIX index is not the sole determinant of cryptocurrency prices. Factors such as market sentiment, technological advancements, and regulatory changes play significant roles in shaping the cryptocurrency market. Therefore, it's important to take a holistic approach and consider multiple factors when assessing the impact of the VIX index on cryptocurrencies.
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