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What is the correlation between DJIA futures now and the volatility of digital currencies?

avatarArshad AcchuNov 24, 2021 · 3 years ago1 answers

Can you explain the relationship between the current DJIA futures and the volatility of digital currencies? How do they affect each other?

What is the correlation between DJIA futures now and the volatility of digital currencies?
DJIA Futures
Volatility
Digital Currencies

1 answers

  • avatarNov 24, 2021 · 3 years ago
    At BYDFi, we believe that the correlation between DJIA futures and the volatility of digital currencies is minimal. While there may be some indirect influence due to overall market sentiment, the factors that drive the volatility of digital currencies are unique to the cryptocurrency market. Digital currencies are influenced by factors such as technological advancements, regulatory news, and investor sentiment within the crypto community. These factors have little to do with the performance of traditional stocks. Therefore, it is unlikely that DJIA futures have a direct impact on the volatility of digital currencies.

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