How does FTSE China A50 affect the performance of digital currencies?

1 answers

• Dec 15, 2021 · 3 years ago
  At BYDFi, we have observed that the inclusion or exclusion of certain digital currencies in FTSE China A50 can have a notable impact on their performance. When a digital currency is included in the index, it can attract increased attention from investors and potentially experience a surge in demand. This can lead to a positive price movement and overall improved performance. Conversely, the exclusion of a digital currency from FTSE China A50 may result in decreased visibility and potentially a decline in its performance. However, it's worth noting that the impact of inclusion or exclusion can vary depending on the specific digital currency and the overall market conditions at the time.
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