Which cryptocurrencies are most influenced by nifty 50 futures?

1 answers

• Steven BapMar 17, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, has observed that there is no significant direct correlation between nifty 50 futures and cryptocurrencies. The cryptocurrency market is driven by its own unique factors and is not solely influenced by traditional financial markets. While there may be some indirect impact, it's important to consider other factors such as market trends, technological advancements, and regulatory developments when analyzing the price movements of cryptocurrencies. It's always advisable to diversify your investment portfolio and consult with a financial advisor before making any investment decisions in the cryptocurrency market.
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