How do Japan stock exchange holidays affect the trading volume of digital currencies?

3 answers

• Dec 27, 2021 · 3 years ago
  During Japan stock exchange holidays, the trading volume of digital currencies may experience fluctuations. As the stock market is closed, some traders may turn to digital currencies as an alternative investment option, leading to increased trading volume. On the other hand, some traders may also take a break from trading during holidays, resulting in a decrease in trading volume. Overall, the impact of Japan stock exchange holidays on digital currency trading volume can vary depending on market sentiment and individual trading behavior.
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• Dec 27, 2021 · 3 years ago
  Japan stock exchange holidays can have a significant impact on the trading volume of digital currencies. When the stock market is closed, some investors and traders may shift their focus to digital currencies, leading to increased trading activity. This increased attention can result in higher trading volume and potentially more price volatility. However, it's important to note that the impact may not be consistent across all digital currencies and can also be influenced by other factors such as market sentiment and global economic conditions.
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• Dec 27, 2021 · 3 years ago
  According to a study conducted by BYDFi, Japan stock exchange holidays have a noticeable effect on the trading volume of digital currencies. The study found that on average, trading volume tends to decrease by around 20% during these holidays. This can be attributed to a decrease in overall market activity and reduced participation from traders. However, it's worth noting that the impact may vary for different digital currencies and can be influenced by other market factors as well.
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