Are there any specific cryptocurrencies that are more affected by the US market close?

3 answers

• May 06, 2022 · 3 years ago
  Yes, there are certain cryptocurrencies that tend to be more affected by the US market close. Bitcoin, being the largest and most well-known cryptocurrency, often experiences price movements during this time. Additionally, other major cryptocurrencies such as Ethereum and Ripple may also be influenced by the US market close. It's important to note that the impact can vary depending on various factors, including market sentiment and news events.
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• May 06, 2022 · 3 years ago
  Absolutely! Some cryptocurrencies are more sensitive to the US market close than others. For example, altcoins or smaller cryptocurrencies with lower market capitalization may experience more significant price swings during this time. This is because the US market close can trigger a domino effect on global markets, leading to increased volatility in the cryptocurrency market as well.
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• May 06, 2022 · 3 years ago
  According to our analysis at BYDFi, there are indeed specific cryptocurrencies that show a higher correlation with the US market close. While the exact list may vary, some examples include Bitcoin, Ethereum, Litecoin, and XRP. These cryptocurrencies often reflect the overall market sentiment during the US market close, resulting in price fluctuations. However, it's important to consider other factors such as global economic events and regulatory developments that can also impact cryptocurrency prices.
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