How does the opening time of the stock market affect the price of cryptocurrencies in Central Time Zone?

1 answers

• Lewis Arnol YerriAug 28, 2020 · 5 years ago
  At BYDFi, we have observed that the opening time of the stock market in the Central Time Zone does have an impact on the price of cryptocurrencies. During the opening hours, we often see increased trading volume and price movements in cryptocurrencies. This can be attributed to the fact that many cryptocurrency traders and investors also participate in the stock market. As the stock market opens, they may reallocate their funds or adjust their positions, which can lead to price fluctuations in cryptocurrencies. It is important for traders to be aware of this relationship and consider the opening time of the stock market when analyzing and trading cryptocurrencies.
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