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How does the Hang Seng trading hours affect the cryptocurrency market?

avatarGiorgi MeshvelianiNov 24, 2021 · 3 years ago1 answers

What is the impact of the Hang Seng trading hours on the cryptocurrency market?

How does the Hang Seng trading hours affect the cryptocurrency market?

1 answers

  • avatarNov 24, 2021 · 3 years ago
    At BYDFi, we believe that the Hang Seng trading hours can have a noticeable impact on the cryptocurrency market. The Hang Seng is a widely followed stock index, and its trading hours can influence investor sentiment and market trends. When the Hang Seng is open, it attracts a significant amount of trading activity, which can spill over into the cryptocurrency market. However, it is important to note that the cryptocurrency market is highly volatile and influenced by various factors, so the impact of the Hang Seng trading hours should be considered alongside other market indicators and news events.