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Which cryptocurrencies are most commonly traded during the forex market hours?

avatarKirby ThomasDec 18, 2021 · 3 years ago3 answers

During the forex market hours, which cryptocurrencies are frequently traded?

Which cryptocurrencies are most commonly traded during the forex market hours?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    During the forex market hours, the most commonly traded cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). These cryptocurrencies have high liquidity and are widely accepted by forex traders. They offer opportunities for both short-term and long-term trading strategies. It's important to note that the popularity of cryptocurrencies may vary depending on market conditions and investor sentiment.
  • avatarDec 18, 2021 · 3 years ago
    When it comes to cryptocurrencies that are frequently traded during the forex market hours, Bitcoin (BTC) takes the lead. As the largest and most well-known cryptocurrency, Bitcoin attracts a significant amount of trading volume. Other popular cryptocurrencies during these hours include Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). These cryptocurrencies have established themselves as key players in the digital asset market and are often favored by forex traders.
  • avatarDec 18, 2021 · 3 years ago
    According to data from BYDFi, a leading cryptocurrency exchange, the most commonly traded cryptocurrencies during the forex market hours are Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). These cryptocurrencies have a strong presence in the forex market due to their liquidity and widespread adoption. Traders often rely on these cryptocurrencies for their trading strategies, taking advantage of their price volatility and potential for profit.