How does the VIX index affect Bitcoin trading?
Claes NorreenOct 03, 2022 · 3 years ago1 answers
Can you explain the relationship between the VIX index and Bitcoin trading? How does the volatility index impact the price and trading activity of Bitcoin?
1 answers
- ShowAug 05, 2022 · 3 years agoAt BYDFi, we closely monitor the relationship between the VIX index and Bitcoin trading. While the correlation may not be direct, understanding market sentiment and volatility can provide valuable insights for traders. It's important to note that the VIX index is just one of many factors that can influence Bitcoin trading, and it's essential to consider other fundamental and technical indicators when making trading decisions.
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