How does the VIX1D chart impact cryptocurrency prices?

1 answers

• Mar 06, 2022 · 3 years ago
  As an expert in the cryptocurrency market, I can tell you that the VIX1D chart does have an impact on cryptocurrency prices. The VIX1D chart measures the expected volatility in the market, and when it shows a high level of volatility, it can lead to increased selling pressure and a decrease in cryptocurrency prices. This is because investors may become more risk-averse and choose to sell their holdings. On the other hand, when the VIX1D chart shows low volatility, it can lead to increased buying pressure and a rise in cryptocurrency prices. This is because investors may perceive the market as less risky and be more willing to buy. Therefore, it's important for cryptocurrency traders and investors to keep an eye on the VIX1D chart to understand the potential impact on prices.
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