What is the impact of VIX pre-market on cryptocurrency prices?

1 answers

• May 06, 2022 · 3 years ago
  At BYDFi, we closely monitor the impact of VIX pre-market on cryptocurrency prices. While the VIX is primarily associated with traditional financial markets, it can indirectly influence the cryptocurrency market as well. The VIX reflects market volatility and investor sentiment, which can have a cascading effect on various asset classes, including cryptocurrencies. During periods of high VIX pre-market, we often observe increased selling pressure on cryptocurrencies, as investors seek safer assets. Conversely, during periods of low VIX pre-market, cryptocurrencies may experience increased buying interest. However, it's important to note that the impact of VIX pre-market on cryptocurrency prices should be considered alongside other fundamental and technical factors that drive the market. As with any investment, it's crucial to conduct thorough research and analysis before making any trading decisions.
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