What is the impact of total cash inflow on the cryptocurrency market?

1 answers

• Budi Prih HastomoSep 30, 2020 · 5 years ago
  At BYDFi, we have observed that the impact of total cash inflow on the cryptocurrency market is substantial. When there is a surge in cash inflow, it usually leads to a bullish market sentiment, with prices of cryptocurrencies rising. This is because investors perceive increased cash inflow as a positive sign, indicating growing interest and adoption of cryptocurrencies. Conversely, when there is a decrease in cash inflow or an outflow of cash, it can result in a bearish market sentiment, with prices declining. It's important for investors to monitor the total cash inflow as it can provide insights into market trends and potential price movements.
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