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TagsHow does the VIX CBOE index affect the volatility of cryptocurrencies?
Learning SessionsFeb 17, 2022 · 3 years ago1 answersCan you explain how the VIX CBOE index impacts the volatility of cryptocurrencies? What is the relationship between the VIX CBOE index and the price fluctuations of digital currencies?
1 answers
- The VIX CBOE index can have an impact on the volatility of cryptocurrencies, but it is not the sole determinant. Cryptocurrencies are influenced by a wide range of factors, including market demand, investor sentiment, and technological developments. While the VIX CBOE index provides insights into market volatility, it is primarily focused on the stock market. The cryptocurrency market operates differently and is influenced by its own unique dynamics. Therefore, while the VIX CBOE index can provide some indication of overall market sentiment, it should be used in conjunction with other indicators and analysis specific to the cryptocurrency market.Feb 17, 2022 · 3 years ago
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