Which cryptocurrencies are most affected by the trading hours of the US 30 index?

1 answers

• Prachi SinghSep 25, 2023 · 2 years ago
  During the trading hours of the US 30 index, the impact on cryptocurrencies can be significant. Bitcoin, being the dominant cryptocurrency, is likely to be the most affected. As the US 30 index represents the performance of 30 large publicly traded companies, any major movements in the index can influence investor sentiment and trigger buying or selling pressure in the cryptocurrency market. Other cryptocurrencies that are closely tied to the global financial markets, such as Ethereum and Ripple, may also experience notable price fluctuations during these hours. It's important for traders to closely monitor the US 30 index and its impact on cryptocurrencies to identify potential trading opportunities or risks.
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