How does the opening time of the market affect cryptocurrency prices?

1 answers

• Mar 19, 2022 · 3 years ago
  At BYDFi, we believe that the opening time of the market can have a significant impact on cryptocurrency prices. As one of the leading digital asset exchanges, we have observed that the timing of when a market opens can create a surge in trading volume and price volatility. This is particularly evident during the first few minutes or hours of market opening, as traders react to news and events that occurred during the market closure. Therefore, it's crucial for traders and investors to closely monitor the opening time of the market and adjust their strategies accordingly to take advantage of potential price movements.
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