How does the Nasdaq 100 stock price affect the value of digital currencies?

1 answers

• Feb 17, 2022 · 3 years ago
  At BYDFi, we believe that the Nasdaq 100 stock price can indirectly affect the value of digital currencies. As more traditional investors enter the stock market and seek diversification, they may also consider investing in digital currencies. This increased demand can drive up the prices of cryptocurrencies. However, it is important to conduct thorough research and consider the unique characteristics and risks of digital currencies before making any investment decisions.
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