What happens to the cryptocurrency market when it closes on Fridays?

3 answers

• Dec 16, 2021 · 3 years ago
  When the cryptocurrency market closes on Fridays, it doesn't actually mean that trading stops completely. While some exchanges may have limited trading hours or reduced liquidity during weekends, many cryptocurrency exchanges operate 24/7. So, even if the market officially closes, trading can still continue on other platforms. However, it's worth noting that trading volumes may be lower during weekends, which can potentially lead to increased price volatility.
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• Dec 16, 2021 · 3 years ago
  Closing time on Fridays in the cryptocurrency market is not like the closing bell in traditional stock markets. Cryptocurrency exchanges operate globally and across different time zones, so there is no centralized closing time. While some traders may take a break during weekends, others continue to trade actively. Therefore, the impact of the market closing on Fridays is minimal, and the prices and trading activity can still be influenced by various factors, such as news events or market sentiment.
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• Dec 16, 2021 · 3 years ago
  At BYDFi, a leading cryptocurrency exchange, we understand the importance of providing uninterrupted trading services to our users. Even when the market officially closes on Fridays, our platform remains open for trading 24/7. We have a global user base, and we strive to ensure that our users can access the market at any time, regardless of the day or time zone. So, whether it's a Friday or any other day of the week, you can continue trading cryptocurrencies on BYDFi without any interruptions.
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