Which digital currencies are most affected by after-hours trading?
Lawal SodiqDec 20, 2021 · 3 years ago3 answers
Can you provide a list of digital currencies that are most impacted by after-hours trading? I'm curious to know which cryptocurrencies are more volatile during non-trading hours.
3 answers
- Dec 20, 2021 · 3 years agoAfter-hours trading can have a significant impact on the volatility of certain digital currencies. Some of the cryptocurrencies that are most affected by after-hours trading include Bitcoin, Ethereum, and Ripple. These cryptocurrencies are known for their high trading volumes and are more likely to experience price fluctuations during non-trading hours. It's important for traders to be aware of this volatility and adjust their trading strategies accordingly.
- Dec 20, 2021 · 3 years agoWhen it comes to after-hours trading, the most affected digital currencies are usually the ones with the highest trading volumes. Bitcoin, being the largest and most popular cryptocurrency, is often subject to increased volatility during non-trading hours. Other major cryptocurrencies like Ethereum and Ripple also tend to be more affected by after-hours trading due to their large market capitalizations. Traders should keep an eye on these cryptocurrencies and be prepared for potential price swings during off-market hours.
- Dec 20, 2021 · 3 years agoAccording to a study conducted by BYDFi, a digital currency exchange, the digital currencies that are most impacted by after-hours trading are Bitcoin, Ethereum, and Litecoin. These cryptocurrencies have a large user base and are actively traded around the clock. As a result, they are more susceptible to price fluctuations during non-trading hours. Traders should consider this when planning their trading strategies and be cautious of potential risks associated with after-hours trading.
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