How does the closing time of the cryptocurrency market in PST affect trading volume?

1 answers

• Dec 29, 2021 · 3 years ago
  At BYDFi, we've observed that the closing time of the cryptocurrency market in PST does impact trading volume. As the market approaches closing time, we often see a surge in trading activity as traders rush to execute their trades before the market closes. This can result in increased trading volume and volatility during the final hours of the trading day. However, it's important to note that trading volume is influenced by various factors, including market sentiment, news events, and overall market conditions. While the closing time in PST can contribute to fluctuations in trading volume, it is not the sole determinant. It's crucial for traders to consider a holistic view of the market and not solely rely on the closing time in PST when making trading decisions.
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