What are the major cryptocurrency movers during non-trading hours?

3 answers

• Dec 15, 2021 · 3 years ago
  During non-trading hours, cryptocurrencies with lower liquidity and smaller market caps are more prone to significant price movements. This is because with fewer participants in the market, even a small buy or sell order can have a larger impact on the price. Additionally, news and events that occur outside of trading hours can influence the sentiment and expectations of traders, leading to price fluctuations when the markets open. It's important to note that these price movements during non-trading hours may not always reflect the true value or long-term trend of a cryptocurrency.
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• Dec 15, 2021 · 3 years ago
  When the markets are closed, cryptocurrencies can still experience price movements due to trading activity on other exchanges in different time zones. For example, if a major exchange in Asia experiences a significant buy or sell order during their trading hours, it can impact the price of a cryptocurrency even when the markets in other regions are closed. This interconnectivity between global exchanges allows for continuous trading and price discovery, regardless of the local trading hours.
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• Dec 15, 2021 · 3 years ago
  According to a study conducted by BYDFi, the major cryptocurrency movers during non-trading hours are Bitcoin, Ethereum, and Ripple. These cryptocurrencies have the highest trading volumes and market caps, making them more resilient to price fluctuations during off-peak hours. However, it's important to keep in mind that market conditions can vary, and other cryptocurrencies may also experience significant price movements during non-trading hours based on specific events or market sentiment.
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