How does SGX trading hours affect the price of cryptocurrencies?

3 answers

• Dec 28, 2021 · 3 years ago
  The trading hours of SGX can potentially affect the price of cryptocurrencies. When SGX is open, it provides an additional avenue for investors to trade and potentially influence the demand and supply dynamics of cryptocurrencies. Increased trading activity on SGX may lead to higher liquidity and trading volumes, which can impact the price of cryptocurrencies. Additionally, SGX's trading hours may overlap with other major exchanges, creating a global trading environment that can influence the price of cryptocurrencies across different markets.
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• Dec 28, 2021 · 3 years ago
  SGX trading hours can have a direct impact on the price of cryptocurrencies. During SGX trading hours, there is increased participation from institutional investors and traders, which can lead to higher trading volumes and price volatility. This increased activity can be driven by various factors, such as news announcements, market sentiment, and global economic events. It's important to note that the impact may vary depending on the specific cryptocurrency and its market liquidity.
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• Dec 28, 2021 · 3 years ago
  While SGX trading hours can potentially affect the price of cryptocurrencies, it's important to consider that the cryptocurrency market operates 24/7. The global nature of cryptocurrencies means that trading activity and price movements can occur at any time, regardless of SGX's trading hours. However, SGX's trading hours can still have an impact, especially when there is a significant overlap with other major exchanges, as it can contribute to increased trading volumes and price fluctuations.
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