How does the closing time of the stock market in the Pacific Time Zone affect cryptocurrency prices?

1 answers

• Mar 19, 2022 · 3 years ago
  At BYDFi, we have observed that the closing time of the stock market in the Pacific Time Zone can have some influence on cryptocurrency prices. During the closing hours of the stock market, we have noticed increased trading activity and volatility in the cryptocurrency markets. This can be attributed to investors reallocating their funds from traditional stocks to cryptocurrencies, seeking potential opportunities for higher returns. However, it is important to note that this correlation is not always consistent and can vary depending on market conditions and other external factors. It is advisable for investors to conduct thorough research and analysis before making any investment decisions based on the closing time of the stock market in the Pacific Time Zone.
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