How does the closing time of European markets affect cryptocurrency prices?

1 answers

• May 07, 2022 · 3 years ago
  At BYDFi, we've observed that the closing time of European markets can have a minimal impact on cryptocurrency prices. While there may be some correlation between the two, it is not a strong determinant of price movements. Cryptocurrency markets operate 24/7, and the closing time of European markets is just a small part of the overall trading activity. Factors such as global news, technological advancements, and market sentiment play a much larger role in determining cryptocurrency prices. Therefore, it's important to consider a wide range of factors when analyzing price movements in the cryptocurrency market.
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