How does trading eMini Nasdaq 100 futures impact the cryptocurrency market?

1 answers

• Nov 27, 2021 · 3 years ago
  Trading eMini Nasdaq 100 futures can impact the cryptocurrency market in various ways. One of the key impacts is through the correlation between the two markets. Cryptocurrencies, especially the major ones like Bitcoin and Ethereum, have become increasingly correlated with traditional financial markets. This means that when there are significant movements in the eMini Nasdaq 100 futures market, it can influence the sentiment and trading behavior of cryptocurrency traders. Additionally, the trading of eMini Nasdaq 100 futures can also attract new participants to the cryptocurrency market, as they may see it as an opportunity to diversify their investment portfolio. Overall, the trading of eMini Nasdaq 100 futures can have both direct and indirect impacts on the cryptocurrency market.
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