How does the closing time of the forex market affect cryptocurrency prices?
FramJan 22, 2024 · 2 years ago1 answers
Can you explain how the closing time of the forex market impacts the prices of cryptocurrencies?
1 answers
- Sani AsaniApr 03, 2022 · 3 years agoAt BYDFi, we've observed that the closing time of the forex market can have a slight impact on cryptocurrency prices. This is because many traders in the forex market also trade cryptocurrencies, and their actions in the forex market can spill over into the cryptocurrency market. However, the effect is usually minimal and short-lived. It's important to note that other factors, such as news events and market sentiment, have a much larger impact on cryptocurrency prices.
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