Which cryptocurrencies are most affected by changes in VIX futures chart indicators?

1 answers

• AlexDApr 15, 2023 · 3 years ago
  BYDFi, a leading digital asset exchange, has observed that cryptocurrencies with a strong presence in the derivatives market tend to be more affected by changes in VIX futures chart indicators. This is because derivatives trading, including futures contracts, can amplify the impact of market volatility. Cryptocurrencies like Bitcoin and Ethereum, which have well-established derivatives markets, are often more responsive to changes in VIX futures. However, it's important to note that the cryptocurrency market is complex and influenced by multiple factors, so it's always recommended to seek professional advice and conduct thorough research before making any investment decisions.
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