What is the significance of 'after 5' in the cryptocurrency industry?

3 answers

• Dec 20, 2021 · 3 years ago
  The term 'after 5' in the cryptocurrency industry refers to the time after 5 PM Eastern Standard Time (EST) when the majority of trading activity occurs. This is because many traders and investors in the cryptocurrency market are based in North America, and after 5 PM EST is when they are most active. The significance of 'after 5' lies in the increased trading volume and volatility during this time, as it is when market participants are actively buying and selling cryptocurrencies. This can have a significant impact on the price movements of cryptocurrencies and presents opportunities for traders to profit from short-term price fluctuations.
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• Dec 20, 2021 · 3 years ago
  In the cryptocurrency industry, 'after 5' is a term used to describe the period of time after the traditional stock market closes. This is when many cryptocurrency traders and investors are most active, as they have finished their regular workday and can focus on trading cryptocurrencies. The significance of 'after 5' lies in the increased liquidity and trading volume during this time, which can lead to greater price volatility. It is important for investors to be aware of this time period and adjust their trading strategies accordingly to take advantage of potential opportunities or manage risks.
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• Dec 20, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recognizes the significance of 'after 5' in the cryptocurrency industry. During this time, the market experiences increased trading activity and liquidity, which can lead to greater price movements. Traders and investors should pay attention to 'after 5' as it presents opportunities for profit, but also carries higher risks due to increased volatility. It is important to stay informed and make well-informed decisions when trading during this time period.
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