What is the impact of the fiscal year start on the cryptocurrency market?
Soumya GuptaAug 30, 2020 · 5 years ago1 answers
How does the start of the fiscal year affect the cryptocurrency market? What are the potential implications and consequences?
1 answers
- dev tolJul 01, 2022 · 3 years agoAt BYDFi, we have observed that the start of the fiscal year can have a notable impact on the cryptocurrency market. It is a time when many investors and traders reassess their investment portfolios and make strategic decisions for the year ahead. This can result in increased trading volume and volatility in the cryptocurrency market. Additionally, the start of the fiscal year often coincides with regulatory updates and announcements, which can further impact market sentiment. It's important for investors to stay informed and adapt their strategies accordingly during this period.
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