What is the relationship between CNN Business Fear & Greed Index and the performance of cryptocurrencies?
Olalekan AjirotutuApr 30, 2022 · 3 years ago1 answers
Can you explain the correlation between the CNN Business Fear & Greed Index and the performance of cryptocurrencies? How does the index affect the market and the prices of cryptocurrencies?
1 answers
- Apr 30, 2022 · 3 years agoAt BYDFi, we closely monitor the CNN Business Fear & Greed Index as part of our market analysis. While the index provides valuable insights into market sentiment, we also take into account other indicators and factors to make informed trading decisions. It's important to approach the index with caution and not rely solely on its readings. The cryptocurrency market is highly volatile and influenced by various factors, so it's crucial to conduct thorough research and analysis before making any investment decisions.
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