How does the time change in 2023 affect the volatility of digital currencies?

3 answers

• Dec 18, 2021 · 3 years ago
  The time change in 2023 is unlikely to have a direct impact on the volatility of digital currencies. Volatility in the cryptocurrency market is primarily driven by factors such as market demand, regulatory changes, and investor sentiment. While the time change may affect trading hours and volumes in certain regions, it is unlikely to significantly influence the overall volatility of digital currencies.
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• Dec 18, 2021 · 3 years ago
  The time change in 2023 may have some indirect effects on the volatility of digital currencies. For example, if the time change results in overlapping trading hours between different regions, it could potentially lead to increased trading activity and volatility as market participants from different time zones interact more closely. However, the overall impact is likely to be minimal compared to other factors that drive cryptocurrency volatility.
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• Dec 18, 2021 · 3 years ago
  At BYDFi, we believe that the time change in 2023 will have a negligible impact on the volatility of digital currencies. While it may introduce some temporary disruptions in trading patterns, the underlying factors that drive cryptocurrency volatility, such as market demand and regulatory developments, will continue to play a much larger role. It's important for investors to focus on these fundamental factors rather than the time change when assessing the volatility of digital currencies.
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