How does the closing time of the Pacific Time stock market affect cryptocurrency trading?

1 answers

• Dec 27, 2021 · 3 years ago
  At BYDFi, we have observed that the closing time of the Pacific Time stock market does have an impact on cryptocurrency trading. During this time, we often see an increase in trading volume and liquidity in the crypto markets. This can be attributed to the fact that many traders who are active in traditional markets also participate in cryptocurrency trading. As the stock market closes, these traders shift their focus to cryptocurrencies, leading to increased activity. This increased activity can result in higher volatility as well. However, it's important to note that the impact may vary depending on various factors such as market conditions, news events, and overall investor sentiment. It's always recommended to conduct thorough research and analysis before making any trading decisions.
  799400