How does the fiscal new year affect the trading volume of cryptocurrencies?

3 answers

• Dhanushka WijesingheNov 29, 2023 · 2 years ago
  The fiscal new year can have an impact on the trading volume of cryptocurrencies. During this time, investors and traders often reassess their investment strategies and make adjustments to their portfolios. This can lead to increased trading activity as individuals buy or sell cryptocurrencies based on their new investment goals. Additionally, the fiscal new year may coincide with regulatory changes or market trends that can influence trading volume. Overall, the fiscal new year can create a shift in market sentiment and trading behavior, resulting in fluctuations in trading volume.
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• Ashley DakajJul 30, 2024 · a year ago
  Ah, the fiscal new year! It's that time of the year when traders put on their thinking caps and evaluate their crypto investments. Some might decide to cash out and take profits, while others might see it as an opportunity to buy more. This evaluation process often leads to increased trading volume as investors make moves based on their new financial goals. So, yeah, the fiscal new year can definitely have an impact on the trading volume of cryptocurrencies.
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• PivanOct 13, 2024 · 8 months ago
  The fiscal new year can indeed affect the trading volume of cryptocurrencies. At BYDFi, we've observed that during this period, there tends to be a surge in trading activity. Investors and traders are eager to start the year on the right foot and take advantage of potential market opportunities. This increased trading volume can be attributed to a combination of factors, including renewed investor interest, market sentiment, and regulatory changes. So, if you're wondering how the fiscal new year affects crypto trading volume, expect to see some action!
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