What impact do Nasdaq futures have on the price of cryptocurrencies?

1 answers

• Dec 18, 2021 · 3 years ago
  As a representative from BYDFi, I can say that Nasdaq futures do have an impact on the price of cryptocurrencies. The Nasdaq futures market is one of the largest and most influential derivatives markets in the world, and its trading activity can have a spillover effect on other financial markets, including the cryptocurrency market. When there is a significant movement in the Nasdaq futures market, it can attract the attention of traders and investors, leading to increased trading volume and potentially affecting the price of cryptocurrencies. However, it is important to note that the impact may vary depending on the specific cryptocurrency and market conditions. It is always recommended to conduct thorough research and analysis before making any investment decisions in the cryptocurrency market.
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