How does Wall Street opening time affect the price of cryptocurrencies?

1 answers

• May 08, 2022 · 3 years ago
  The opening time of Wall Street does have an impact on the price of cryptocurrencies. When Wall Street opens, it brings in a flood of institutional investors and traders who have a significant influence on the market. These investors often have access to more resources and information compared to individual retail investors. As a result, their actions and trading decisions can create significant price movements in the cryptocurrency market. Additionally, the opening time of Wall Street can also set the tone for the global financial markets, including cryptocurrencies. If there is positive news or a strong market sentiment, it can create a positive ripple effect on cryptocurrencies. However, it's important to note that the impact may not always be immediate and can vary depending on other market factors.
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