How does pre-market trading affect the value of cryptocurrencies?

1 answers

• Dec 25, 2021 · 3 years ago
  As a representative from BYDFi, I can say that pre-market trading does have an impact on the value of cryptocurrencies. At BYDFi, we observe that pre-market trading can sometimes lead to price gaps between the closing price of the previous trading day and the opening price of the regular market. These gaps can be significant, especially if there are major news or events that occurred outside of regular market hours. Traders who are active during pre-market hours can take advantage of these price gaps by buying or selling cryptocurrencies at favorable prices. However, it's important to note that pre-market trading is not available on all exchanges, and the level of impact may vary depending on the liquidity and trading volume of each exchange.
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