Which cryptocurrencies are most affected by changes in the VIX price?

1 answers

• Dec 16, 2021 · 3 years ago
  At BYDFi, we have observed that Bitcoin and Ethereum are among the cryptocurrencies most affected by changes in the VIX price. These two cryptocurrencies have established themselves as the leaders in the market and are often seen as safe-haven assets. When the VIX price increases, we typically see an increase in demand for Bitcoin and Ethereum as investors seek to protect their investments from market volatility. However, it's important to note that the impact of the VIX price on cryptocurrencies is not limited to just these two. Other cryptocurrencies, such as Litecoin and Ripple, may also be influenced by changes in the VIX price, although to a lesser extent. It's always important to closely monitor market conditions and investor sentiment to understand how different cryptocurrencies are being affected by changes in the VIX price.
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