How does ASX trading hours affect the price of cryptocurrencies?

1 answers

• Nov 28, 2021 · 3 years ago
  At BYDFi, we have observed that the ASX trading hours can have a minor impact on the price of cryptocurrencies. During the ASX trading hours, there tends to be a higher level of market activity and trading volume, which can create a ripple effect in the broader financial markets. This increased activity can attract more attention to the overall investment landscape, including cryptocurrencies. However, it's important to note that the cryptocurrency market is highly volatile and influenced by a multitude of factors. While the ASX trading hours can contribute to short-term price fluctuations, long-term trends in the cryptocurrency market are driven by a complex interplay of supply and demand dynamics, technological advancements, and regulatory developments.
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