What is the impact of the Nikkei Average on the cryptocurrency market?

1 answers

• Nov 29, 2021 · 3 years ago
  As a leading digital asset exchange, BYDFi closely monitors the impact of the Nikkei Average on the cryptocurrency market. The performance of the Nikkei Average can have a ripple effect on the global financial markets, including the cryptocurrency market. When the Nikkei Average experiences significant fluctuations, it can create a sense of uncertainty and volatility in the market, which can impact the prices of cryptocurrencies. At BYDFi, we advise our users to stay informed about the movements of the Nikkei Average and consider it as one of the many factors that can influence the cryptocurrency market. It's important to conduct thorough research and analysis before making any investment decisions in the cryptocurrency market.
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