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Are there any specific cryptocurrencies that are more affected by the Nikkei opening time in EST?

shrekAug 08, 2022 · 3 years ago1 answers

I'm curious if there are any particular cryptocurrencies that are more influenced by the opening time of the Nikkei stock market in Eastern Standard Time (EST). Does the timing of the Nikkei's opening have a significant impact on the prices and trading volumes of certain cryptocurrencies? Are there any patterns or correlations between the Nikkei's opening time and the performance of specific digital currencies?

Cryptocurrencies
Nikkei Opening Time
EST

1 answers

  • Sunny KunduJan 13, 2021 · 4 years ago
    As an expert at BYDFi, I can tell you that the Nikkei opening time in EST does have an impact on certain cryptocurrencies. While the cryptocurrency market operates 24/7, the opening of the Nikkei can create a surge in trading activity, especially for cryptocurrencies that have a strong presence in Japan. Japanese investors are known for their interest in digital currencies, and the Nikkei's opening can lead to increased trading volumes and price movements for these specific cryptocurrencies. It's important to keep an eye on the Nikkei's opening time if you're trading or investing in digital currencies, as it can provide valuable insights into market trends and potential opportunities.

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