Is there a correlation between the closing time of LSE and cryptocurrency market volatility?

3 answers

• Dec 28, 2021 · 3 years ago
  There is no direct correlation between the closing time of the LSE and cryptocurrency market volatility. Cryptocurrency markets operate 24/7, and their prices are influenced by various factors such as demand, supply, news, and market sentiment. While the closing time of the LSE may coincide with certain market events or news releases that could impact cryptocurrency prices, it is not a determining factor for market volatility. It's important to analyze the broader market trends and factors affecting cryptocurrencies to understand their price movements.
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• Dec 28, 2021 · 3 years ago
  While the closing time of the LSE may not directly cause cryptocurrency market volatility, it can indirectly affect it. As the LSE closes, traders and investors may shift their focus to other markets, including cryptocurrencies. This increased attention and trading activity can potentially lead to higher volatility in the cryptocurrency market. Additionally, news or events occurring after the LSE closing time can impact market sentiment and subsequently affect cryptocurrency prices. Therefore, while not a direct correlation, there can be some influence between the closing time of the LSE and cryptocurrency market volatility.
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• Dec 28, 2021 · 3 years ago
  At BYDFi, we believe that the closing time of the LSE does not have a significant impact on cryptocurrency market volatility. Cryptocurrencies are decentralized and traded globally, which means they are not solely dependent on the operating hours of any specific exchange. The cryptocurrency market is driven by factors such as investor sentiment, regulatory developments, technological advancements, and macroeconomic trends. While the closing time of the LSE may coincide with certain market events, it is unlikely to be the sole cause of cryptocurrency market volatility. It's important to consider a wide range of factors when analyzing the volatility of the cryptocurrency market.
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