How does the Nikkei hours impact the trading volume of cryptocurrencies?

3 answers

• Jan 13, 2022 · 3 years ago
  The trading hours of the Nikkei stock market can have an impact on the trading volume of cryptocurrencies. During the Nikkei hours, there is typically higher trading activity in the stock market, which can also spill over to the cryptocurrency market. Traders who are active in the stock market may also be interested in trading cryptocurrencies, leading to increased volume during these hours. Additionally, news and events that occur during the Nikkei hours can influence market sentiment and attract more traders to the cryptocurrency market, further boosting trading volume.
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• Jan 13, 2022 · 3 years ago
  The Nikkei hours can definitely have an impact on the trading volume of cryptocurrencies. As the Nikkei stock market is one of the major financial markets in the world, its trading hours can set the tone for global market sentiment. If there is positive news or a strong performance in the Nikkei market, it can create a positive atmosphere for trading, including cryptocurrencies. This can attract more traders and investors to participate in the cryptocurrency market, leading to increased trading volume. On the other hand, negative news or a downturn in the Nikkei market can have the opposite effect, dampening trading volume in cryptocurrencies.
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• Jan 13, 2022 · 3 years ago
  At BYDFi, we have observed that the Nikkei hours do have an impact on the trading volume of cryptocurrencies. During these hours, we often see an increase in trading activity, especially when there are significant movements in the Nikkei stock market. Traders who are active in both traditional markets and cryptocurrencies tend to pay attention to the Nikkei hours and adjust their trading strategies accordingly. This can result in higher trading volume in cryptocurrencies during these hours. However, it's important to note that the impact may vary depending on other factors such as market conditions and news events.
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