How does the cryptocurrency market hours affect trading volumes?

1 answers

• Jan 08, 2022 · 3 years ago
  At BYDFi, we have observed that the cryptocurrency market hours do have an impact on trading volumes. During peak market hours, we typically see higher trading volumes as more traders are actively participating in the market. This is especially true during the overlap of market hours between different regions, as it leads to increased trading activity. However, it's important to note that trading volumes can also be influenced by other factors such as market sentiment, news events, and the overall state of the economy. Therefore, while market hours play a role in determining trading volumes, they are not the sole factor that determines the level of activity in the cryptocurrency market.
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