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How does the ASX impact the cryptocurrency market?
Mathias MadsenApr 04, 2022 · 3 years ago1 answersWhat is the relationship between the ASX (Australian Securities Exchange) and the cryptocurrency market? How does the performance of the ASX affect the value and trading of cryptocurrencies?
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- As an expert in the cryptocurrency market, I can confidently say that the ASX does have some influence on the value and trading of cryptocurrencies. However, it's important to understand that this influence is not exclusive to the ASX. Other major stock exchanges, such as the NYSE or NASDAQ, also have an impact on the cryptocurrency market. The performance of these exchanges can affect investor sentiment and overall market trends, which in turn can influence the demand and price of cryptocurrencies. Therefore, while the ASX plays a role in the cryptocurrency market, it is just one piece of the larger puzzle.Apr 04, 2022 · 3 years ago
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