BYDFi
Trade wherever you are!
Buy Crypto
New
Markets
Trade
Futures
common-fire-img
Copy
Trading Bots
Events

How does the cryptocurrency market hours affect price volatility?

Noah JohnsonFeb 15, 2024 · a year ago1 answers

Can you explain how the trading hours of the cryptocurrency market impact the volatility of prices? I'm curious to know if there are specific times during the day when price fluctuations are more pronounced.

1 answers

  • Neha PatkiMay 03, 2024 · a year ago
    As an expert in the cryptocurrency industry, I can confirm that the trading hours of the cryptocurrency market can have a significant impact on price volatility. During peak trading hours, when major markets are open, there tends to be higher trading volume and increased market activity. This can result in larger price swings and higher volatility as traders react to news and market trends. However, it's important to note that the cryptocurrency market is open 24/7, and even during off-peak hours, there can still be significant price movements depending on market conditions and other factors. Therefore, while market hours do play a role in price volatility, they are just one piece of the puzzle.

Top Picks