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What is the impact of Tokyo Stock Exchange live on the cryptocurrency market?

Sagar KaareJul 08, 2024 · a year ago1 answers

How does the real-time trading on the Tokyo Stock Exchange affect the cryptocurrency market? Does it have any significant influence on the prices and trading volumes of cryptocurrencies?

Tokyo Stock Exchange
Cryptocurrency Market
Real-time Trading

1 answers

  • Aakash SandalDec 28, 2020 · 4 years ago
    At BYDFi, we believe that the live trading on the Tokyo Stock Exchange can have some influence on the cryptocurrency market. As an exchange that offers both traditional financial products and cryptocurrencies, we have observed that certain events in the stock market can create a domino effect in the crypto market. Traders and investors who are active in both markets often make decisions based on the overall market sentiment and trends. However, it's important to note that the cryptocurrency market is highly volatile and influenced by a multitude of factors. Therefore, while the Tokyo Stock Exchange live trading can have some impact, it should not be the sole basis for making investment decisions in the cryptocurrency market.

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