How does FTSE trading hours affect the price of digital currencies?

3 answers

• Nov 26, 2021 · 3 years ago
  The trading hours of the FTSE can have an impact on the price of digital currencies. During the trading hours, there is typically higher liquidity and trading volume in the market, which can lead to increased buying or selling pressure on digital currencies. This increased activity can result in price fluctuations and volatility. Additionally, if there are any significant news or events happening during the FTSE trading hours, it can also influence market sentiment and affect the price of digital currencies.
  513257
• Nov 26, 2021 · 3 years ago
  The FTSE trading hours may not directly affect the price of digital currencies, as cryptocurrencies are traded on different exchanges with their own trading hours. However, there can be indirect effects. For example, if the FTSE experiences a major market movement or a significant event during its trading hours, it can create a ripple effect in the broader financial markets. This can lead to increased investor sentiment and risk appetite, which can then spill over into the cryptocurrency market and impact its price.
  521174
• Nov 26, 2021 · 3 years ago
  From my experience at BYDFi, we have observed that the FTSE trading hours can have some influence on the price of digital currencies. While cryptocurrencies are traded globally 24/7, the FTSE is a major financial market that attracts a lot of attention from institutional investors and traders. When the FTSE experiences high volatility or significant price movements during its trading hours, it can create a domino effect and trigger similar movements in the cryptocurrency market. However, it's important to note that the correlation may not always be direct or immediate, as there are various factors at play in the cryptocurrency market.
  642161