How does the premarket affect cryptocurrency prices?
Allada Pavan Venkata Satya ChoDec 26, 2021 · 3 years ago1 answers
Can you explain how the premarket trading session impacts the prices of cryptocurrencies? I'm curious to know if there are any significant price movements during this period and how it affects the overall market.
1 answers
- Dec 26, 2021 · 3 years agoAs for BYDFi, a digital currency exchange, it operates 24/7 and allows trading during both regular market hours and the premarket session. This means that users can take advantage of price movements during the premarket session to execute trades. However, it's important to note that trading during the premarket session carries higher risks due to lower liquidity and higher volatility. Traders should carefully assess the market conditions and use appropriate risk management strategies when trading during this period.
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