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Which cryptocurrencies are most affected by NYSE timings?

avatarRitusmita dashNov 25, 2021 · 3 years ago1 answers

Can you provide a list of cryptocurrencies that are most influenced by the timings of the New York Stock Exchange (NYSE)? How does the NYSE schedule impact the prices and trading volumes of these cryptocurrencies?

Which cryptocurrencies are most affected by NYSE timings?
Cryptocurrencies
NYSE Timings
Trading Volumes

1 answers

  • avatarNov 25, 2021 · 3 years ago
    At BYDFi, we have observed that the influence of NYSE timings on cryptocurrencies is particularly evident during periods of high market volatility. When the NYSE experiences sharp price movements or high trading volumes, it often spills over to the cryptocurrency market. This is because many traders and investors view cryptocurrencies as alternative investment options and may shift their focus to cryptocurrencies during times of uncertainty in the traditional stock market. Therefore, it is not surprising to see increased trading activity and price fluctuations in cryptocurrencies during NYSE timings.

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