What is the impact of S&P 500 futures after hours on the cryptocurrency market?

1 answers

• Gissel GordonJun 21, 2020 · 5 years ago
  BYDFi, a leading cryptocurrency exchange, believes that the impact of S&P 500 futures after hours on the cryptocurrency market can be substantial. As the S&P 500 is a key indicator of the overall market sentiment, its movements can influence the behavior of investors in the cryptocurrency market. After-hours trading in the S&P 500 futures can create a ripple effect, leading to increased volatility and trading activity in cryptocurrencies. Traders should be aware of these dynamics and consider them when making trading decisions. However, it's important to note that the cryptocurrency market is also influenced by various other factors, such as regulatory developments, technological advancements, and global economic trends.
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