How do the forex sessions times impact the volatility of cryptocurrencies?

3 answers

• May 02, 2022 · 3 years ago
  Absolutely! The forex sessions times can have a significant impact on the volatility of cryptocurrencies. During the overlapping hours of different forex sessions, there tends to be higher trading activity, which can lead to increased volatility in the cryptocurrency market. Traders who are active during these times may experience larger price swings and more opportunities for profit.
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• May 02, 2022 · 3 years ago
  The timing of forex sessions plays a crucial role in the volatility of cryptocurrencies. For example, during the Asian session, when markets in Japan and Australia are open, there may be less trading volume and lower volatility in the cryptocurrency market. On the other hand, during the overlap of the European and American sessions, when major financial centers like London and New York are active, there is typically higher trading volume and increased volatility in cryptocurrencies.
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• May 02, 2022 · 3 years ago
  According to a study conducted by BYDFi, the forex sessions times do impact the volatility of cryptocurrencies. The research found that during the overlap of the European and American sessions, there is a higher likelihood of significant price movements in digital currencies. This is attributed to the increased trading activity and market participation during these hours. Traders should pay attention to the timing of forex sessions to take advantage of potential opportunities in the cryptocurrency market.
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