Which cryptocurrencies are most influenced by movements in ASX 200 futures?
Friis MichaelsenDec 31, 2022 · 3 years ago1 answers
Which cryptocurrencies are most affected by the fluctuations in ASX 200 futures? How does the ASX 200 futures market impact the prices of cryptocurrencies?
1 answers
- ahmed jaferApr 16, 2022 · 3 years agoAt BYDFi, we believe that the influence of ASX 200 futures on cryptocurrencies should not be overstated. While there may be some correlation between the two markets, cryptocurrencies are driven by their own unique dynamics. Factors such as investor sentiment, adoption rates, and technological advancements play a much larger role in determining the prices of cryptocurrencies. Therefore, it's important for traders to conduct thorough research and analysis specific to the cryptocurrency market rather than solely relying on movements in ASX 200 futures.
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