Alberto MartinezNov 25, 2021 · 3 years ago2 answers Can fluctuations in Tencent's Hong Kong stock price be used as an indicator for cryptocurrency trading?
Can the fluctuations in the stock price of Tencent, a Hong Kong-based technology company, be used as an indicator for trading cryptocurrencies? How closely are the movements of Tencent's stock price correlated with the prices of cryptocurrencies? Is it possible to predict the direction of cryptocurrency prices based on the performance of Tencent's stock?