What is the difference between spy and spx stock in the cryptocurrency market?
Tennant MonaghanNov 10, 2024 · 9 months ago1 answers
Can you explain the difference between spy and spx stock in the cryptocurrency market? I'm new to trading and would like to understand the distinctions between these two stocks.
1 answers
- ilksenFeb 04, 2021 · 4 years agoIn the cryptocurrency market, there is no direct correlation between spy and spx stock. SPY and SPX are primarily associated with traditional stock market indices, such as the S&P 500. Cryptocurrencies, on the other hand, are digital assets that operate on decentralized networks. While there may be indirect influences from the stock market on the cryptocurrency market, spy and spx stock do not directly impact cryptocurrency prices or trading activities.
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