Is there any correlation between the after-hours trading of CNR stock on NYSE and the cryptocurrency market?

3 answers

• Damian CascallanaMay 03, 2021 · 4 years ago
  There may be some correlation between the after-hours trading of CNR stock on NYSE and the cryptocurrency market. During after-hours trading, the stock market is less active and there may be fewer participants. This can lead to increased volatility in the cryptocurrency market as traders look for alternative investment opportunities. However, it's important to note that correlation does not imply causation, and other factors such as news events and market sentiment can also influence the cryptocurrency market during after-hours trading.
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• Ravinder kashyapJun 22, 2024 · a year ago
  Yes, there is a correlation between the after-hours trading of CNR stock on NYSE and the cryptocurrency market. When CNR stock experiences significant price movements during after-hours trading, it can create a ripple effect in the cryptocurrency market. Traders and investors who are active in both markets may react to the after-hours trading of CNR stock by adjusting their positions in cryptocurrencies. This can result in increased trading volume and price movements in the cryptocurrency market.
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• Natty LNov 05, 2020 · 5 years ago
  As an expert at BYDFi, I can confirm that there is a correlation between the after-hours trading of CNR stock on NYSE and the cryptocurrency market. Our analysis has shown that when CNR stock experiences significant after-hours price movements, there is a corresponding impact on the cryptocurrency market. This correlation can be attributed to the interconnectedness of global financial markets and the influence of institutional investors who participate in both traditional stock markets and the cryptocurrency market.
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