How does the New York session time affect cryptocurrency prices?

3 answers

• Dec 15, 2021 · 3 years ago
  During the New York session time, there tends to be higher trading volume and liquidity in the cryptocurrency market. This increased activity can lead to greater price volatility, as more buyers and sellers enter the market. Additionally, the New York session time overlaps with the European session, which further amplifies trading activity. As a result, cryptocurrency prices may experience significant fluctuations during this time period.
  442221
• Dec 15, 2021 · 3 years ago
  The New York session time is known for its influence on global financial markets, and cryptocurrencies are no exception. Traders and investors pay close attention to the opening and closing times of the New York session, as it often sets the tone for the rest of the day. If there is positive news or market sentiment during this time, it can drive up cryptocurrency prices. Conversely, negative news or sentiment can lead to price declines. Therefore, understanding the impact of the New York session time is crucial for cryptocurrency traders.
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• Dec 15, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, has observed that the New York session time can have a significant impact on cryptocurrency prices. As one of the busiest trading sessions, it attracts a large number of institutional investors and traders. These participants often have a substantial influence on market trends and can drive up or down the prices of cryptocurrencies. Therefore, it is important for traders to closely monitor the New York session time and adjust their strategies accordingly.
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