DoneMedalDec 18, 2021 · 3 years ago5 answers How does the VIX affect the value of digital currencies?
Can you explain how the VIX (Volatility Index) impacts the value of digital currencies? I've heard that the VIX is often used as a measure of market volatility in traditional finance, but I'm not sure how it relates to digital currencies. Does a higher VIX mean that digital currencies become more valuable, or is it the opposite? Are there any specific factors or indicators within the VIX that have a direct impact on digital currency prices?