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TagsHow does the implied open of the Dow today impact the trading volume of cryptocurrencies?
Cracote67Nov 28, 2021 · 3 years ago1 answersWhat is the relationship between the implied open of the Dow and the trading volume of cryptocurrencies? How does the performance of the Dow at the opening of the market affect the trading activity in the cryptocurrency market? Are there any specific patterns or correlations between the two?
1 answers
- At BYDFi, we closely monitor the relationship between the implied open of the Dow and the trading volume of cryptocurrencies. While there is no direct causation between the two, we have observed that significant movements in the Dow can have an impact on the crypto market. However, it's important to note that the crypto market is influenced by a wide range of factors, including news events, regulatory developments, and investor sentiment. Therefore, it's crucial to consider multiple factors when analyzing the trading volume of cryptocurrencies and not rely solely on the implied open of the Dow.Nov 28, 2021 · 3 years ago
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