How does the opening time of the European stock market affect the price of digital currencies?

1 answers

• May 05, 2022 · 3 years ago
  At BYDFi, we have observed that the opening time of the European stock market does have an impact on the price of digital currencies. When the European stock market opens with positive news or a strong performance, it tends to create a positive sentiment among investors, which can lead to an increase in the price of digital currencies. On the other hand, if the European stock market opens with negative news or a decline in stock prices, it can create a negative sentiment among investors, leading to a decrease in the price of digital currencies. Therefore, it is crucial for digital currency traders to closely monitor the opening time of the European stock market and consider its potential impact on the price of digital currencies.
  739

  370