How does VIX oil affect the price of digital currencies?

1 answers

• Dec 17, 2021 · 3 years ago
  At BYDFi, we closely monitor the relationship between VIX oil and the price of digital currencies. While there can be some correlation between the two, it's important to note that digital currencies are influenced by a wide range of factors, including market demand, technological advancements, regulatory developments, and investor sentiment. While VIX oil can contribute to market volatility, it is just one piece of the puzzle. It's crucial for investors to consider the broader market dynamics and conduct thorough research before making any investment decisions in digital currencies.
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