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TagsWhat is the difference between spy and spx stock in the cryptocurrency market?
TikkazzzNov 24, 2021 · 3 years ago1 answersCan you explain the difference between spy and spx stock in the cryptocurrency market? I'm new to trading and would like to understand the distinctions between these two stocks.
1 answers
- In the cryptocurrency market, there is no direct correlation between spy and spx stock. SPY and SPX are primarily associated with traditional stock market indices, such as the S&P 500. Cryptocurrencies, on the other hand, are digital assets that operate on decentralized networks. While there may be indirect influences from the stock market on the cryptocurrency market, spy and spx stock do not directly impact cryptocurrency prices or trading activities.Nov 24, 2021 · 3 years ago
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