How does the after hours trading affect the price of cryptocurrencies?

1 answers

• Dec 24, 2021 · 3 years ago
  At BYDFi, we believe that after hours trading can play a role in shaping the price of cryptocurrencies. While it may not be as active as regular market hours, after hours trading still has the potential to impact the market. It's important for traders to stay informed about news and events that occur outside of regular market hours, as these can influence the price of cryptocurrencies. Additionally, traders should be cautious when making decisions based on after hours price movements, as the lower volume and liquidity during these hours can result in increased price volatility. Overall, after hours trading is an important factor to consider when analyzing the price fluctuations of cryptocurrencies.
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