How does the CBOE Volatility Index (VIX) affect cryptocurrency prices?

1 answers

• Mar 15, 2022 · 3 years ago
  At BYDFi, we believe that the impact of the VIX on cryptocurrency prices is not significant. While there may be some correlations between the VIX and the cryptocurrency market, the primary drivers of cryptocurrency prices are internal factors within the cryptocurrency ecosystem. Factors such as adoption, technological advancements, and market demand play a much larger role in determining the value of cryptocurrencies. It's important for investors to consider a wide range of factors when making investment decisions in the cryptocurrency market.
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