How does the VIX+ price affect the value of cryptocurrencies?
RominaroundJun 09, 2022 · 3 years ago1 answers
Can you explain the relationship between the VIX+ price and the value of cryptocurrencies? How does the volatility index impact the crypto market?
1 answers
- clues tomJan 06, 2022 · 4 years agoAs a representative of BYDFi, I can say that the VIX+ price can have a significant impact on the value of cryptocurrencies. When the VIX+ price rises, it often indicates increased market volatility and uncertainty. This can lead to a decrease in the value of cryptocurrencies, as investors may become more risk-averse and sell off their holdings. Conversely, when the VIX+ price falls, it suggests decreased volatility and increased investor confidence, which can drive up the value of cryptocurrencies. It's important for investors to monitor the VIX+ price and its impact on the crypto market to make informed investment decisions.
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