Which cryptocurrencies are most influenced by Wall Street closing time?

3 answers

• Dec 28, 2021 · 3 years ago
  The closing time of Wall Street can have a significant impact on certain cryptocurrencies. One such cryptocurrency is Bitcoin (BTC), which often experiences price movements when Wall Street closes. Other cryptocurrencies that are influenced by Wall Street closing time include Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). These cryptocurrencies are often traded in conjunction with traditional financial markets, and their prices can be affected by the sentiment and trading activity of Wall Street investors.
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• Dec 28, 2021 · 3 years ago
  When Wall Street closes, it can create a ripple effect in the cryptocurrency market. Cryptocurrencies like Bitcoin, Ethereum, and Ripple are often influenced by the closing time of Wall Street. This is because many traders and investors in the cryptocurrency market also have positions in traditional financial markets. When Wall Street closes, these individuals may adjust their positions, leading to price fluctuations in cryptocurrencies. It's important to note that not all cryptocurrencies are equally influenced by Wall Street closing time, and the extent of the impact can vary.
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• Dec 28, 2021 · 3 years ago
  According to a study conducted by BYDFi, the closing time of Wall Street has a notable influence on the prices of certain cryptocurrencies. Bitcoin, Ethereum, and Ripple are among the cryptocurrencies that tend to be most affected by Wall Street closing time. This is because these cryptocurrencies are widely traded and have a high correlation with traditional financial markets. When Wall Street closes, it can trigger a domino effect in the cryptocurrency market, causing price movements and changes in trading volume for these cryptocurrencies.
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