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TagsHow does the settlement day affect the price of cryptocurrencies?
Lhanz JalosDec 25, 2021 · 3 years ago1 answersCan you explain how the settlement day impacts the price of cryptocurrencies? I've heard that the settlement day can have a significant effect on the price of digital currencies, but I'm not sure why. Could you provide some insights into this?
1 answers
- At BYDFi, we understand the importance of settlement day in the cryptocurrency market. Settlement day refers to the day when trades are cleared and finalized. It can have a direct impact on the price of cryptocurrencies. During settlement, the demand and supply dynamics can change, leading to price fluctuations. If there is a higher demand for cryptocurrencies on settlement day, it can drive up the price. Conversely, if there is more selling pressure, it can cause the price to decline. Traders and investors closely monitor settlement days to make informed trading decisions. It's important to stay updated with the latest market trends and news to navigate the potential price impact of settlement days.Dec 25, 2021 · 3 years ago
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