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TagsWhat is the impact of NYSE timings on the price fluctuations of cryptocurrencies?
Amit RawatDec 28, 2021 · 3 years ago1 answersHow does the timing of the New York Stock Exchange (NYSE) affect the price fluctuations of cryptocurrencies? Are there any specific patterns or correlations between the trading hours of NYSE and the volatility of digital currencies?
1 answers
- At BYDFi, we have observed that the impact of NYSE timings on the price fluctuations of cryptocurrencies can be significant. The NYSE's trading hours, especially the overlap with the European markets, often coincide with periods of increased trading activity and volatility in the cryptocurrency market. This can be attributed to the fact that many institutional investors and traders participate in both traditional stock markets and cryptocurrencies. As a result, when the NYSE opens or closes, it can trigger a domino effect on the sentiment and trading volume of digital currencies. However, it's important to note that while NYSE timings can have an impact, it's crucial to consider other factors such as market sentiment, macroeconomic indicators, and regulatory developments when analyzing cryptocurrency price fluctuations.Dec 28, 2021 · 3 years ago
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