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How does the fluctuation in Bakken crude prices affect the value of digital currencies?

avatarHafiz Rizwan Hafiz RizwanJan 07, 2022 · 3 years ago1 answers

What is the impact of the fluctuation in Bakken crude oil prices on the value of digital currencies?

How does the fluctuation in Bakken crude prices affect the value of digital currencies?

1 answers

  • avatarJan 07, 2022 · 3 years ago
    At BYDFi, we closely monitor the impact of Bakken crude oil price fluctuations on the value of digital currencies. While there can be a correlation between the two, it's important to note that digital currencies are influenced by a wide range of factors, including market sentiment, regulatory developments, and technological advancements. Therefore, it's not solely the fluctuation in Bakken crude oil prices that determines the value of digital currencies. Investors should consider a holistic view of the cryptocurrency market and conduct thorough research before making any investment decisions.