What impact does the fiscal year and quarters have on the value of cryptocurrencies?

3 answers

• SHREE RAM SUNDAR TNov 14, 2023 · 2 years ago
  The fiscal year and quarters can have a significant impact on the value of cryptocurrencies. During the end of the fiscal year, many investors tend to sell off their holdings to lock in profits or offset losses for tax purposes. This increased selling pressure can lead to a decrease in cryptocurrency prices. Additionally, quarterly financial reports and announcements from major companies can influence market sentiment and investor confidence, which in turn can affect the value of cryptocurrencies. It's important for investors to stay informed about fiscal year and quarterly events that may impact the cryptocurrency market.
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• Joyce HuOct 24, 2023 · 2 years ago
  The fiscal year and quarters can have both short-term and long-term effects on the value of cryptocurrencies. In the short-term, the release of quarterly financial reports can cause significant price fluctuations as investors react to the company's performance. In the long-term, the fiscal year can affect the overall market sentiment and investor confidence, which can impact the value of cryptocurrencies. It's important for investors to consider the fiscal year and quarters when making investment decisions and to stay updated on any relevant news or events that may impact the market.
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• Rudra-NayakOct 17, 2021 · 4 years ago
  The fiscal year and quarters can have a notable impact on the value of cryptocurrencies. During the end of the fiscal year, there is often increased selling pressure as investors look to realize gains or offset losses for tax purposes. This can lead to a temporary decrease in cryptocurrency prices. Additionally, quarterly financial reports and announcements from major companies can influence market sentiment and investor behavior, which can affect the value of cryptocurrencies. It's important for investors to monitor fiscal year and quarterly events and consider them in their investment strategies.
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