How does the opening of futures on Sundays impact the price of cryptocurrencies?

2 answers

• Dec 25, 2021 · 3 years ago
  The opening of futures on Sundays can have a significant impact on the price of cryptocurrencies. When futures markets open, it provides an opportunity for traders to speculate on the future price of cryptocurrencies. This increased trading activity can lead to higher volatility and potentially influence the overall market sentiment. Additionally, the availability of futures contracts allows investors to hedge their positions, which can further impact the price of cryptocurrencies. Overall, the opening of futures on Sundays introduces new trading opportunities and can contribute to price fluctuations in the cryptocurrency market.
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• Dec 25, 2021 · 3 years ago
  BYDFi, as a leading cryptocurrency exchange, has observed the impact of the opening of futures on Sundays on the price of cryptocurrencies. The availability of futures contracts provides traders with new opportunities to speculate on the future price of cryptocurrencies. This increased trading activity can lead to higher price volatility and potentially influence the overall market sentiment. It's important for traders to closely monitor the opening of futures on Sundays as it can have a significant impact on the price of cryptocurrencies.
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