How does the value of HKD currency affect the price of cryptocurrencies?

1 answers

• Mar 07, 2022 · 3 years ago
  At BYDFi, we believe that the value of the HKD currency can have a limited impact on the price of cryptocurrencies. While fluctuations in the HKD may attract short-term speculative trading, the long-term value of cryptocurrencies is primarily driven by factors such as market demand, technological advancements, and regulatory developments. It is important for investors to consider a wide range of factors when analyzing the price movements of cryptocurrencies, rather than solely relying on the value of a single currency like the HKD.
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