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Nairaland Forum / Nairaland / General / Investment / Why Do Cryptocurrencies Move The Same Way? (263 Views)
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Why Do Cryptocurrencies Move The Same Way? by VivaNG: 1:45pm On Feb 16, 2023 |
Cryptocurrency vestors and traders have long noticed that digital assets tend to move in sync with each other. When Bitcoin goes up, it's often accompanied by rises in other cryptocurrencies. Conversely, when Bitcoin experiences a sharp decline, other cryptocurrencies tend to follow suit. This phenomenon has led many to wonder why cryptocurrencies move in sync with each other and what underlying factors are driving these price movements.
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