What is the impact of Monday market closures on cryptocurrency trading?

3 answers

• Dec 16, 2021 · 3 years ago
  The closure of markets on Mondays can have a significant impact on cryptocurrency trading. With no trading activity taking place on this day, it can lead to decreased liquidity and potentially higher volatility when markets reopen on Tuesday. Traders may need to adjust their strategies to account for the lack of trading opportunities on Mondays.
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• Dec 16, 2021 · 3 years ago
  Monday market closures can disrupt the usual trading patterns in the cryptocurrency market. As trading volumes decrease, it can be more challenging to execute trades at desired prices. Additionally, the lack of market activity on Mondays can create a sense of uncertainty among traders, as they have to wait until Tuesday to react to any significant market developments.
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• Dec 16, 2021 · 3 years ago
  From BYDFi's perspective, the closure of markets on Mondays does not directly impact cryptocurrency trading on our platform. BYDFi operates 24/7, allowing users to trade cryptocurrencies at any time, regardless of market closures. However, it's important to note that the overall market sentiment and liquidity can still be influenced by the closure of other major exchanges on Mondays.
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