How does the US pre-market affect the prices of cryptocurrencies?

1 answers

• Nov 27, 2021 · 3 years ago
  At BYDFi, we believe that the US pre-market trading session does have an impact on the prices of cryptocurrencies. While cryptocurrencies are not directly traded during this session, the movements in the stock market can influence investor sentiment and overall market conditions. As a result, if there is a significant positive or negative development in the pre-market session, it can create a ripple effect that extends to the cryptocurrency market. Traders and investors should pay attention to any news or events that occur during the pre-market session, as they can provide valuable insights into the potential direction of the cryptocurrency market. However, it is important to note that the impact of the US pre-market session is just one of many factors that can influence cryptocurrency prices. Other factors such as regulatory developments, market sentiment, and global economic conditions also play a significant role in determining the prices of cryptocurrencies.
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