How does the opening time of the OTC market affect cryptocurrency prices?

1 answers

• Nov 29, 2021 · 3 years ago
  As a representative of BYDFi, I can say that the opening time of the OTC market does have an impact on cryptocurrency prices. The OTC market provides a platform for large investors and institutions to trade cryptocurrencies directly, which can lead to significant price movements. The timing of OTC trading can influence market sentiment and create buying or selling pressure, which can affect the overall price levels of cryptocurrencies. However, it's important to note that the OTC market is just one factor among many that can influence cryptocurrency prices. Other factors such as market demand, regulatory developments, and macroeconomic conditions also play a significant role in determining the prices of digital currencies.
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