How does the closing time of US markets affect the price of digital currencies?

1 answers

• Mar 06, 2022 · 3 years ago
  At BYDFi, we've observed that the closing time of US markets can have a noticeable impact on the price of digital currencies. As the US markets close, we often see a decrease in trading volume and liquidity, which can result in increased price volatility. This is particularly true for digital currencies, as they are traded globally and are influenced by market sentiment. Traders should be aware of the closing time of US markets and consider adjusting their trading strategies accordingly. It's important to note that while the closing time of US markets can impact the price of digital currencies, it is just one of many factors that can influence their value.
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