Ianknox Luke PostanesDec 19, 2021 · 3 years ago7 answers Can the price of USD oil be used as an indicator for predicting the future trends of cryptocurrencies?
Is it possible to use the price of USD oil as a reliable indicator for predicting the future trends of cryptocurrencies? Can the correlation between the two markets provide valuable insights for cryptocurrency traders and investors? How closely are the price movements of USD oil and cryptocurrencies related? Are there any historical patterns or trends that suggest a strong relationship between the two markets?