What are the correlations between Nymex copper and digital currency prices?

1 answers

• Kendry OvalleFeb 05, 2024 · a year ago
  At BYDFi, we have observed a moderate correlation between Nymex copper and digital currency prices. While there are instances where both assets move in the same direction, it is not always the case. The correlation can be influenced by various factors, including market sentiment, economic indicators, and investor behavior. It is important to note that correlation does not imply causation, and the relationship between Nymex copper and digital currency prices can change over time. Therefore, it is crucial for investors to conduct thorough research and analysis before making any investment decisions involving these assets.
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