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What is the impact of the NASDAQ market hours on the trading volume of digital currencies?

avatarJayprakash PrasadNov 26, 2021 · 3 years ago1 answers

How does the opening and closing hours of the NASDAQ stock market affect the trading volume of digital currencies?

What is the impact of the NASDAQ market hours on the trading volume of digital currencies?
Digital Currencies
Trading Volume
NASDAQ Market Hours

1 answers

  • avatarNov 26, 2021 · 3 years ago
    At BYDFi, we have observed that the NASDAQ market hours do have an impact on the trading volume of digital currencies. When the NASDAQ opens, we often see an increase in trading volume as traders and investors enter the market. This can be attributed to the fact that the NASDAQ is a trusted and regulated exchange, and its opening hours signal the start of the trading day for many traders. However, it is worth noting that the impact of the NASDAQ market hours may vary depending on other factors such as news events, economic indicators, and market sentiment. Therefore, it is important to consider a holistic approach when analyzing the impact of the NASDAQ market hours on the trading volume of digital currencies.

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