What are the correlations between the VIX volatility index and the price movements of popular cryptocurrencies?

1 answers

• Strickland HongDec 21, 2024 · 7 months ago
  At BYDFi, we have observed some correlations between the VIX volatility index and the price movements of popular cryptocurrencies. When the VIX index spikes, we often see a temporary decrease in the prices of cryptocurrencies as investors seek safer assets. However, it is important to note that these correlations are not always consistent and can vary depending on market conditions and other external factors. It is crucial to conduct thorough analysis and consider multiple indicators when making investment decisions in the cryptocurrency market.
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