How does trading ES mini futures during specific hours affect the value of cryptocurrencies?

Thompson WhiteheadMar 29, 2022 · 3 years ago1 answers

Can trading ES mini futures during specific hours have an impact on the value of cryptocurrencies? What is the relationship between trading ES mini futures and the price of cryptocurrencies? Are there any specific hours during which trading ES mini futures can affect the value of cryptocurrencies?

Cryptocurrencies

Trading

ES Mini Futures

1 answers

Mar 29, 2022 · 3 years ago
As an expert in the field, I can confirm that trading ES mini futures during specific hours can indeed affect the value of cryptocurrencies. At BYDFi, we have observed instances where increased trading activity in ES mini futures during certain hours coincided with notable price movements in cryptocurrencies. This suggests a correlation between the two markets. However, it's important to note that correlation does not necessarily imply causation. Other factors, such as market sentiment, news events, and global economic conditions, can also influence cryptocurrency prices. Therefore, while trading ES mini futures during specific hours can provide valuable insights, it should not be the sole basis for making investment decisions in the cryptocurrency market.