How does the closing time of the forex market affect cryptocurrency prices?

1 answers

• May 02, 2022 · 3 years ago
  At BYDFi, we've observed that the closing time of the forex market can have a slight impact on cryptocurrency prices. This is because many traders in the forex market also trade cryptocurrencies, and their actions in the forex market can spill over into the cryptocurrency market. However, the effect is usually minimal and short-lived. It's important to note that other factors, such as news events and market sentiment, have a much larger impact on cryptocurrency prices.
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