Can you explain the relationship between YM tick value and cryptocurrency price fluctuations?

3 answers

• AmirosseinFeb 18, 2023 · 2 years ago
  The tick value of YM represents the minimum price movement of the E-mini Dow futures contract. It is not directly related to cryptocurrency prices. Cryptocurrency prices are influenced by various factors such as market demand, supply, investor sentiment, and regulatory news. Therefore, there is no direct relationship between the tick value of YM and cryptocurrency price fluctuations.
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• Aniket KMar 04, 2023 · 2 years ago
  The tick value of YM is specific to the E-mini Dow futures contract, which is a derivative product based on the Dow Jones Industrial Average. Cryptocurrency prices, on the other hand, are determined by the supply and demand dynamics of digital assets in the cryptocurrency market. While both the tick value of YM and cryptocurrency prices are influenced by market forces, they are not directly correlated.
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• Habitat28Oct 11, 2023 · 2 years ago
  BYDFi is a digital currency exchange that specializes in providing trading services for various cryptocurrencies. While the tick value of YM is not directly related to cryptocurrency price fluctuations, BYDFi offers a wide range of cryptocurrency trading pairs that allow users to speculate on the price movements of different digital assets. Therefore, if you are interested in trading cryptocurrencies, BYDFi can be a suitable platform for you to explore.
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