How does the Nasdaq100 premarket affect the price of cryptocurrencies?

1 answers

• Dec 29, 2021 · 3 years ago
  At BYDFi, we believe that the Nasdaq100 premarket can have a significant impact on the price of cryptocurrencies. The premarket trading activity on the Nasdaq100 sets the tone for the overall market sentiment and can influence investor behavior. As cryptocurrencies are highly volatile and sensitive to market sentiment, any significant movements or trends in the premarket trading on the Nasdaq100 can potentially impact the price of cryptocurrencies. Therefore, it is important for cryptocurrency traders and investors to closely monitor the premarket activity on the Nasdaq100 and consider it as part of their overall market analysis and trading strategies.
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