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How do the bank holidays in Japan in 2017 impact the trading volume of digital currencies?

avatarAM AMIT BHADANADec 27, 2021 · 3 years ago3 answers

How did the bank holidays in Japan in 2017 affect the trading volume of digital currencies?

How do the bank holidays in Japan in 2017 impact the trading volume of digital currencies?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    During the bank holidays in Japan in 2017, the trading volume of digital currencies experienced a noticeable decrease. Many traders took time off and were less active in the market, resulting in lower trading volumes. This can be attributed to the fact that bank holidays are typically observed as non-working days, leading to reduced participation and liquidity in the market. As a result, the trading volume of digital currencies during these holidays was significantly impacted.
  • avatarDec 27, 2021 · 3 years ago
    The bank holidays in Japan in 2017 had a direct impact on the trading volume of digital currencies. With fewer participants actively trading during these holidays, the market experienced lower liquidity and reduced trading volumes. This can be attributed to the fact that many traders and investors prefer to take time off during holidays, leading to a decrease in overall trading activity. As a result, the bank holidays in Japan in 2017 had a noticeable impact on the trading volume of digital currencies.
  • avatarDec 27, 2021 · 3 years ago
    During the bank holidays in Japan in 2017, the trading volume of digital currencies was affected by reduced market activity. As traders and investors took time off to observe the holidays, the overall trading volume decreased. This decrease in trading volume can be attributed to the reduced participation and liquidity in the market during bank holidays. It is important for traders to consider the impact of holidays on trading volume and adjust their strategies accordingly.