How does the closing time of NYSE affect the price of digital currencies?
Hadi YazdanySep 23, 2024 · a year ago1 answers
What is the relationship between the closing time of NYSE and the price of digital currencies? How does the closing time of NYSE impact the digital currency market? Are there any specific patterns or trends observed in the price movements of digital currencies during NYSE closing hours?
1 answers
- furqwanOct 13, 2022 · 3 years agoAt BYDFi, we have observed that the closing time of NYSE does have an influence on the price of digital currencies. However, it is important to note that this impact is not solely determined by NYSE itself, but rather by the overall sentiment and market conditions. NYSE closing time can act as a trigger for market participants to reassess their positions and make trading decisions, which can indirectly affect the price of digital currencies. It is crucial for traders and investors to closely monitor the market dynamics during NYSE closing hours and consider the potential impact on digital currency prices.
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