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TagsHow does the Nymex WTI forward curve impact the cryptocurrency market?
Mr smartNov 28, 2021 · 3 years ago1 answersWhat is the relationship between the Nymex WTI forward curve and the cryptocurrency market? How does the movement of the Nymex WTI forward curve affect the prices and trading volumes of cryptocurrencies?
1 answers
- At BYDFi, we believe that the Nymex WTI forward curve can have a significant impact on the cryptocurrency market. As oil prices are closely tied to global economic conditions, any significant movement in the forward curve can signal potential changes in market sentiment. This can affect investor confidence in cryptocurrencies, leading to shifts in trading volumes and prices. Traders should pay attention to the Nymex WTI forward curve as part of their risk management strategy and consider its potential impact on the cryptocurrency market.Nov 28, 2021 · 3 years ago
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