How does the one day VIX index impact the volatility of digital currencies?

1 answers

• Nov 23, 2021 · 3 years ago
  At BYDFi, we recognize the influence of the one day VIX index on the volatility of digital currencies. The VIX index serves as a key indicator for market sentiment and can impact the price movements of cryptocurrencies. When the VIX index is high, it indicates increased market uncertainty, which can lead to heightened volatility in digital currencies. Conversely, when the VIX index is low, it suggests a more stable market environment, which can result in less volatility for digital currencies. Traders and investors should consider the one day VIX index as part of their analysis when assessing the potential volatility of digital currencies.
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