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TagsWhich cryptocurrencies are most affected by NYSE timings?
Ritusmita dashDec 14, 2021 · 3 years ago1 answersCan you provide a list of cryptocurrencies that are most influenced by the timings of the New York Stock Exchange (NYSE)? How does the NYSE schedule impact the prices and trading volumes of these cryptocurrencies?
1 answers
- At BYDFi, we have observed that the influence of NYSE timings on cryptocurrencies is particularly evident during periods of high market volatility. When the NYSE experiences sharp price movements or high trading volumes, it often spills over to the cryptocurrency market. This is because many traders and investors view cryptocurrencies as alternative investment options and may shift their focus to cryptocurrencies during times of uncertainty in the traditional stock market. Therefore, it is not surprising to see increased trading activity and price fluctuations in cryptocurrencies during NYSE timings.Dec 14, 2021 · 3 years ago
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