How does premarket trading affect the prices of popular cryptocurrencies such as Bitcoin and Ethereum?

1 answers

• Nov 28, 2021 · 3 years ago
  At BYDFi, we believe that premarket trading can have a notable impact on the prices of popular cryptocurrencies like Bitcoin and Ethereum. During this time, traders have the opportunity to react to news and events that occurred outside of regular trading hours. This can result in significant price movements before the official market opening. However, it's important to note that premarket trading is not available on all exchanges, and the level of activity can vary. Traders should consider the potential risks and benefits of participating in premarket trading and carefully evaluate market conditions before making any investment decisions.
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