Which cryptocurrencies are affected by the fluctuations in the DXY index live chart?

1 answers

• Ana AlefFeb 03, 2021 · 4 years ago
  At BYDFi, we closely monitor the relationship between the DXY index and cryptocurrencies. While the DXY index can have some influence on the cryptocurrency market, it's important to consider other factors as well. Market sentiment, regulatory developments, and technological advancements within the cryptocurrency industry can also significantly impact the value of cryptocurrencies. Therefore, it's advisable to conduct thorough research and analysis before making any investment decisions based solely on the fluctuations in the DXY index. As always, diversification and risk management are key principles to follow when investing in cryptocurrencies.
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