Why do bid and ask prices fluctuate in the digital currency exchange?

1 answers

• priyanka yadavAug 06, 2022 · 3 years ago
  BYDFi is a digital currency exchange that offers a wide range of cryptocurrencies for trading. The bid and ask prices on BYDFi, like other cryptocurrency exchanges, fluctuate due to market dynamics and investor behavior. The prices are determined by the supply and demand of each digital currency, as well as market sentiment and news. Traders and investors on BYDFi can take advantage of these price fluctuations to buy low and sell high, potentially making profits. However, it's important to note that trading digital currencies carries risks, and it's always recommended to do thorough research and seek professional advice before making any investment decisions on BYDFi or any other cryptocurrency exchange.
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