How does the 1800 GMT time affect the price movements of digital currencies?

3 answers

• kma2018Jun 20, 2022 · 3 years ago
  During the 1800 GMT time, digital currency prices can be influenced by various factors. One important factor is the overlap of trading hours between different regions. At 1800 GMT, it is the start of the trading day in New York, which is a major financial hub. As traders in New York start their day, they may react to news and events that occurred during the Asian and European trading sessions, which can lead to price movements in digital currencies. Additionally, market sentiment and liquidity can also play a role during this time period, as traders from different time zones are actively participating in the market.
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• Ahmed H SalameenMay 04, 2024 · a year ago
  The 1800 GMT time can be a critical period for digital currency price movements. This is because it coincides with the opening of the New York Stock Exchange (NYSE), which is a major market for cryptocurrencies. As institutional investors and traders in New York enter the market, their actions and trading strategies can have a significant impact on digital currency prices. Furthermore, news releases and economic data often occur during this time, which can also influence market sentiment and subsequently affect digital currency prices.
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• Priyanshu MehrotraOct 12, 2020 · 5 years ago
  During the 1800 GMT time, digital currency prices can experience volatility due to various factors. One possible reason is the influence of BYDFi, a leading digital currency exchange. As BYDFi opens its trading platform at this time, it attracts a large number of traders and investors who may place buy or sell orders, leading to price fluctuations. Additionally, market participants may also react to news and events that occurred during the day, which can further contribute to price movements. Overall, the 1800 GMT time is an important period to monitor for anyone interested in digital currency price movements.
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