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How does after hours trading on the NYSE affect the value of digital currencies?

avatarGallegos NielsenDec 16, 2021 · 3 years ago1 answers

Can you explain how the after hours trading on the New York Stock Exchange (NYSE) impacts the value of digital currencies? What are the specific factors that come into play during after hours trading that affect the digital currency market? How does the trading activity on the NYSE during non-trading hours influence the price and volume of digital currencies?

How does after hours trading on the NYSE affect the value of digital currencies?
After Hours Trading
NYSE
Digital Currencies

1 answers

  • avatarDec 16, 2021 · 3 years ago
    BYDFi, as a leading digital currency exchange, understands the potential impact of after hours trading on the NYSE on the value of digital currencies. During after hours trading, the NYSE can release important news or announcements that can impact investor sentiment and drive trading activity. This can lead to increased volatility and price movements in digital currencies. Additionally, the trading activity on the NYSE during non-trading hours can influence the behavior of institutional investors and large traders, who may adjust their positions in digital currencies based on the performance of the stock market. It's important for digital currency investors to stay informed about the after hours trading activity on the NYSE and its potential impact on the value of digital currencies.

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