How does the market volatility of Bitcoin change at 5pm Nigeria time compared to EST?

3 answers

• Nov 25, 2021 · 3 years ago
  The market volatility of Bitcoin at 5pm Nigeria time compared to EST can vary significantly. Due to the time zone difference, 5pm Nigeria time corresponds to early morning hours in EST. During this time, the market is relatively less active, and trading volumes may be lower. This can result in lower volatility compared to the more active trading hours in EST. However, it's important to note that market volatility is influenced by various factors, including global news, economic events, and investor sentiment, which can override the time zone difference.
  559280
• Nov 25, 2021 · 3 years ago
  At 5pm Nigeria time, Bitcoin market volatility may be influenced by factors specific to the Nigerian market. Nigeria has a growing interest in Bitcoin, and any local news or events related to cryptocurrency can impact the market volatility. On the other hand, at EST, Bitcoin market volatility is influenced by a broader range of factors, including global market trends, regulatory developments, and investor sentiment. Therefore, the market volatility at 5pm Nigeria time may differ from EST due to the unique dynamics of each market.
  535179
• Nov 25, 2021 · 3 years ago
  According to BYDFi, a digital currency exchange, the market volatility of Bitcoin at 5pm Nigeria time compared to EST can vary. While the Nigerian market has shown significant interest in Bitcoin, the trading volumes and overall market activity may be lower compared to the more established markets in EST. This can result in relatively lower volatility at 5pm Nigeria time. However, it's important to consider that market volatility is influenced by multiple factors, and the time difference alone may not be the sole determinant of price fluctuations.
  553139