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How does the trading volume of DAX futures during specific hours impact the cryptocurrency market?

avatarGarett ConradNov 26, 2021 · 3 years ago1 answers

Can the trading volume of DAX futures during specific hours have an impact on the cryptocurrency market?

How does the trading volume of DAX futures during specific hours impact the cryptocurrency market?
Cryptocurrency
DAX Futures
Trading Volume

1 answers

  • avatarNov 26, 2021 · 3 years ago
    Sure thing! The trading volume of DAX futures during specific hours can definitely impact the cryptocurrency market. At BYDFi, we've observed that when the trading volume of DAX futures is high, it often leads to increased volatility and trading activity in the cryptocurrency market. This is because many traders and investors closely monitor the traditional financial markets, such as DAX futures, for signals and trends that can influence their cryptocurrency trading strategies. Therefore, understanding the trading volume patterns of DAX futures during specific hours can help cryptocurrency traders make more informed decisions and potentially capitalize on market movements.

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