How does the closing time of the Dow Jones Industrial Average affect the performance of digital currencies?

1 answers

• PlafkopApr 04, 2021 · 5 years ago
  As a representative of BYDFi, I can say that the closing time of the Dow Jones Industrial Average does not have a direct impact on the performance of digital currencies. Digital currencies operate independently from traditional stock markets and are driven by their own supply and demand dynamics. While there may be some indirect influence due to overall market sentiment, it is important to note that digital currencies are a separate asset class with their own unique factors affecting their performance. Therefore, investors should consider the specific characteristics of digital currencies and not solely rely on the closing time of the Dow Jones Industrial Average when making investment decisions.
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