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How does after hours trading affect the price of cryptocurrencies?

avatarHenningsen BraggDec 28, 2021 · 3 years ago1 answers

Can after hours trading impact the price of cryptocurrencies? How does it work and what factors contribute to its influence on the market?

How does after hours trading affect the price of cryptocurrencies?
Cryptocurrencies
After Hours Trading
Market Influence

1 answers

  • avatarDec 28, 2021 · 3 years ago
    After hours trading does have an impact on the price of cryptocurrencies. At BYDFi, we've observed that after hours trading can contribute to increased price volatility. While the overall trading volume may be lower during this time, the absence of certain market participants can lead to larger price swings. Additionally, after hours trading allows investors to react to news or events that occur outside of regular market hours, which can further influence the price. It's important for traders to stay informed and be aware of the potential risks and opportunities associated with after hours trading in order to make informed decisions.

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