How does the Nasdaq 100 after hours trading affect the cryptocurrency market?

1 answers

• Jan 15, 2022 · 3 years ago
  At BYDFi, we have observed that the Nasdaq 100 after hours trading does have an impact on the cryptocurrency market. The trading activity during non-traditional market hours can influence the prices of cryptocurrencies, especially those that are closely related to the stock market. However, it is important to note that the cryptocurrency market is also influenced by various other factors, such as regulatory news, technological advancements, and investor sentiment. Therefore, while the Nasdaq 100 after hours trading can have an impact, it is not the sole determinant of cryptocurrency prices. Traders and investors should consider a holistic view of the market and not rely solely on after hours trading activity.
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