Moss MoesgaardJun 06, 2022 · 3 years ago4 answers What are the correlations between WTI and the performance of different cryptocurrencies?
Can you explain the relationship between the price of WTI (West Texas Intermediate) crude oil and the performance of various cryptocurrencies? How does the price of oil affect the value and trading volume of cryptocurrencies? Are there any specific cryptocurrencies that tend to be more influenced by oil price movements than others? What factors contribute to these correlations?