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TagsHow does after hours trading affect the price of cryptocurrencies?
Michael ChengDec 26, 2021 · 3 years ago1 answersCan after hours trading impact the price of cryptocurrencies? How does it work and what factors contribute to its influence on the market?
1 answers
- After hours trading does have an impact on the price of cryptocurrencies. At BYDFi, we've observed that after hours trading can contribute to increased price volatility. While the overall trading volume may be lower during this time, the absence of certain market participants can lead to larger price swings. Additionally, after hours trading allows investors to react to news or events that occur outside of regular market hours, which can further influence the price. It's important for traders to stay informed and be aware of the potential risks and opportunities associated with after hours trading in order to make informed decisions.Dec 26, 2021 · 3 years ago
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