How does the opening time of the Nikkei affect the price of cryptocurrencies?

1 answers

• KhuongJan 05, 2021 · 5 years ago
  As an expert in the cryptocurrency industry, I can say that the opening time of the Nikkei does have an impact on the price of cryptocurrencies. The Nikkei is one of the major stock indices in the world, and its opening can set the tone for the global financial markets. When the Nikkei opens with positive or negative news, it can influence investor sentiment and trigger buying or selling pressure in the cryptocurrency market. Traders and investors often monitor the Nikkei's opening to gauge market sentiment and adjust their cryptocurrency trading strategies accordingly. Therefore, understanding the correlation between the opening time of the Nikkei and cryptocurrency prices is essential for successful trading in this volatile market.
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