How does the afterhours market affect the price of digital currencies?

1 answers

• Dec 26, 2021 · 3 years ago
  At BYDFi, we've observed that the afterhours market can have a significant impact on the price of digital currencies. Our analysis shows that there tends to be higher price volatility during this time, as trading volumes are lower and the market is more susceptible to manipulation. It's important for traders to be aware of these dynamics and adjust their strategies accordingly. However, it's worth noting that the afterhours market is just one piece of the puzzle when it comes to determining the price of digital currencies. Factors such as news events, regulatory developments, and overall market sentiment also play a crucial role in shaping cryptocurrency prices.
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