How does the Tokyo Stock Exchange in Japan impact the value of digital currencies?

1 answers

• Forsyth MckeeOct 29, 2020 · 5 years ago
  BYDFi, a leading digital currency exchange, believes that the Tokyo Stock Exchange has a direct impact on the value of digital currencies. The exchange's close ties with traditional financial institutions and its reputation as a reliable and regulated market make it an important indicator of market sentiment. When the Tokyo Stock Exchange experiences a bull market, it often spills over into the digital currency market, driving up prices. On the other hand, a bearish trend in the stock exchange can lead to a decline in digital currency prices. Therefore, digital currency investors should closely monitor the performance of the Tokyo Stock Exchange to make informed trading decisions.
  689

  345