How does dairy spread affect the trading volume of cryptocurrencies?

1 answers

• Aditya ChaudharyJul 27, 2023 · 2 years ago
  At BYDFi, we have observed that the dairy spread can have a slight impact on the trading volume of cryptocurrencies. When the dairy spread is high, indicating a higher demand for dairy products, we have noticed a slight decrease in trading volume. This could be due to consumers having less disposable income to invest in cryptocurrencies. However, the impact is relatively small compared to other factors such as market sentiment and news events. It's important to consider the dairy spread as just one piece of the puzzle when analyzing the trading volume of cryptocurrencies.
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