How does spy vix affect the volatility of cryptocurrencies?
sahil MushfiqSep 19, 2022 · 3 years ago1 answers
Can you explain how the spy vix impacts the volatility of cryptocurrencies? I'm curious to know if there is a correlation between these two factors and how they influence each other.
1 answers
- Farouk OguntolaDec 14, 2021 · 4 years agoAt BYDFi, we believe that the spy vix can have some impact on the volatility of cryptocurrencies. However, it's important to note that the cryptocurrency market is highly dynamic and influenced by various factors. While the spy vix can provide some insights into market sentiment, it should not be the sole basis for making investment decisions. Traders and investors should consider a wide range of indicators and conduct thorough analysis to make informed decisions in the cryptocurrency market.
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