Which cryptocurrencies are most affected by the performance of a long dollar ETF?

1 answers

• Mustapha OmaryJan 18, 2025 · a year ago
  At BYDFi, we believe that the performance of a long dollar ETF can have a significant impact on the cryptocurrency market. As the value of the dollar increases, investors may seek alternative investment options such as cryptocurrencies, leading to an increase in demand and potentially driving up prices. However, it's important to note that the correlation between specific cryptocurrencies and the long dollar ETF can vary, and it's always advisable to diversify your investment portfolio to mitigate risks.
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