MichaelDec 15, 2021 · 3 years ago3 answers What is the impact of soft commodity prices on the cryptocurrency market?
How do changes in soft commodity prices affect the cryptocurrency market? Can the price fluctuations of soft commodities such as coffee, cocoa, sugar, or wheat have any significant impact on the value and trading volume of cryptocurrencies like Bitcoin and Ethereum? Are there any correlations between the two markets? How do traders and investors in the cryptocurrency market react to changes in soft commodity prices? What are the potential reasons behind any observed connections or lack thereof between soft commodity prices and the cryptocurrency market?