How does the opening of the market on Mondays affect the trading volume of cryptocurrencies?

1 answers

• Clay ShackelfordJun 20, 2024 · a year ago
  At BYDFi, we have observed that the opening of the market on Mondays generally leads to an increase in the trading volume of cryptocurrencies. This can be attributed to the renewed interest and activity in the market after the weekend break. Traders and investors often use Mondays to reassess their positions and make new trading decisions based on the market developments over the weekend. However, it is important to consider other factors such as market trends, news, and technical analysis when analyzing the trading volume on Mondays. The opening of the market on Mondays is just one piece of the puzzle in understanding the dynamics of the cryptocurrency market.
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