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How does the London session affect the price of cryptocurrencies in the PST time zone?

avatarClaudio Afonso HenriquesDec 17, 2021 · 3 years ago1 answers

Can you explain how the London session impacts the price of cryptocurrencies in the Pacific Standard Time (PST) time zone?

How does the London session affect the price of cryptocurrencies in the PST time zone?

1 answers

  • avatarDec 17, 2021 · 3 years ago
    As an expert in the cryptocurrency industry, I can confirm that the London session does have an impact on the price of cryptocurrencies in the PST time zone. The London session is known for its high trading volume and liquidity, which can lead to increased volatility in the market. This volatility can result in price fluctuations that can affect the price of cryptocurrencies in the PST time zone. Traders and investors in London may react to news and events during their session, which can influence market sentiment and drive price movements. Additionally, the overlap with the New York session can further amplify the impact on cryptocurrency prices in the PST time zone. It's important for traders in the PST time zone to be aware of the London session and consider its potential impact on cryptocurrency prices.