How does the Asian session forex time (EST) affect cryptocurrency price movements?

3 answers

• Dec 25, 2021 · 3 years ago
  During the Asian session, which occurs during the evening and early morning hours in the Eastern Standard Time (EST) zone, there tends to be lower trading volume and liquidity in the cryptocurrency market. This can lead to increased price volatility, as even small buy or sell orders can have a larger impact on the market. Traders and investors closely monitor the Asian session as it can provide insights into the overall market sentiment and potential price movements for the day.
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• Dec 25, 2021 · 3 years ago
  The Asian session forex time (EST) can have a significant impact on cryptocurrency price movements. As the Asian markets open and start trading, it sets the tone for the rest of the day. If there is positive news or sentiment coming out of Asia, it can lead to increased buying activity and push prices higher. On the other hand, negative news or sentiment can result in selling pressure and cause prices to decline. Traders often pay attention to the Asian session to gauge market sentiment and make informed trading decisions.
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• Dec 25, 2021 · 3 years ago
  The Asian session forex time (EST) can have a notable influence on cryptocurrency price movements. As an active participant in the cryptocurrency market, BYDFi recognizes the importance of the Asian session and closely monitors it for potential trading opportunities. The Asian session can often set the stage for price movements throughout the day, and traders who are aware of this can take advantage of the volatility and make profitable trades. It's crucial for traders to stay informed about the Asian session and its impact on cryptocurrency prices.
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