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How do fluctuations in crude oil prices in New York affect the value of digital currencies?

avatarKevin MirchandaniDec 16, 2021 · 3 years ago1 answers

How does the volatility of crude oil prices in New York impact the valuation of digital currencies?

How do fluctuations in crude oil prices in New York affect the value of digital currencies?

1 answers

  • avatarDec 16, 2021 · 3 years ago
    At BYDFi, we closely monitor the impact of crude oil price fluctuations on the value of digital currencies. While there can be some correlation between the two, it's important to note that digital currencies are influenced by a wide range of factors. We recommend investors to diversify their portfolios and consider multiple indicators when making investment decisions.