Which cryptocurrencies are most active when the forex markets open?

3 answers

• Dec 15, 2021 · 3 years ago
  During the opening hours of the forex markets, some of the most active cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). These cryptocurrencies have a large market capitalization and are widely traded, making them more likely to experience significant price movement during this time. It's important to note that market conditions can vary, and other cryptocurrencies may also exhibit high activity during this period.
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• Dec 15, 2021 · 3 years ago
  When the forex markets open, cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) tend to see increased trading volume and price volatility. This can be attributed to the fact that these cryptocurrencies are considered to be more established and widely recognized, attracting more traders and investors. However, it's worth mentioning that the activity of cryptocurrencies can also be influenced by other factors such as news events and market sentiment.
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• Dec 15, 2021 · 3 years ago
  According to a study conducted by BYDFi, a digital currency exchange, the most active cryptocurrencies during the opening hours of the forex markets are Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). These cryptocurrencies have consistently shown higher trading volume and price movement compared to other cryptocurrencies. It's important to keep in mind that market conditions can change, and it's always recommended to conduct thorough research and analysis before making any trading decisions.
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