How does the European stock market closing time impact the trading volume of cryptocurrencies?

1 answers

• Nov 24, 2021 · 3 years ago
  At BYDFi, we've observed that the closing time of the European stock market can have a noticeable impact on the trading volume of cryptocurrencies. As the European stock market closes, we often see an increase in trading activity in the cryptocurrency market. This can be attributed to several factors. Firstly, some investors may view cryptocurrencies as an alternative investment option when traditional markets are closed. Secondly, the closing time of the European stock market coincides with the opening of other major cryptocurrency markets, such as Asian markets, leading to increased trading volume. Lastly, the closing time of the European stock market can create a shift in market sentiment, which can influence trading volume in the cryptocurrency market. Overall, the closing time of the European stock market does have an impact on the trading volume of cryptocurrencies, and it's an important factor to consider when analyzing market trends.
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