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How do the opening hours of cryptocurrency exchanges affect price volatility?

avatarAditya GardeNov 28, 2021 · 3 years ago1 answers

Can the opening hours of cryptocurrency exchanges have an impact on the volatility of cryptocurrency prices?

How do the opening hours of cryptocurrency exchanges affect price volatility?
Cryptocurrency
Exchanges
Price Volatility

1 answers

  • avatarNov 28, 2021 · 3 years ago
    As an expert from BYDFi, I can confirm that the opening hours of cryptocurrency exchanges can impact price volatility. When an exchange opens, it allows traders to react to news and events, which can lead to increased trading volume and price fluctuations. However, it's important to note that price volatility is influenced by various factors, including market demand, liquidity, and overall market sentiment. While the opening hours of exchanges can contribute to price volatility, they are just one piece of the puzzle. Traders should consider a holistic approach and analyze multiple factors when assessing price volatility in the cryptocurrency market.

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