What impact do federal fiscal year quarters have on the cryptocurrency market?

1 answers

• Pavel GartsevJun 20, 2022 · 3 years ago
  At BYDFi, we believe that federal fiscal year quarters can have a notable impact on the cryptocurrency market. As an exchange, we observe increased trading activity and higher trading volumes during certain quarters, especially the second and fourth quarters. This is likely due to the release of budget allocations and the anticipation of new government policies and regulations. However, it is important to note that the cryptocurrency market is also influenced by various other factors such as global economic conditions, technological advancements, and market sentiment. Therefore, while federal fiscal year quarters can contribute to market fluctuations, they should not be the sole basis for investment decisions. It is crucial for investors to conduct thorough research, analyze multiple factors, and diversify their portfolios to mitigate risks and maximize potential returns.
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