What is the correlation between Mont Belvieu NGL prices and cryptocurrency prices?

1 answers

• Abhishek AnandJan 04, 2021 · 5 years ago
  As a leading cryptocurrency exchange, we have observed that there is no direct correlation between Mont Belvieu NGL prices and cryptocurrency prices. The cryptocurrency market is driven by factors such as market demand, investor sentiment, and technological advancements, while Mont Belvieu NGL prices are influenced by factors such as supply and demand in the energy market. However, it's worth noting that both markets can be affected by broader economic trends and geopolitical events, which can indirectly impact their prices. Therefore, it's important to consider a wide range of factors when analyzing the relationship between Mont Belvieu NGL prices and cryptocurrency prices.
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