What is the impact of CAC 40 trading hours on the volatility of cryptocurrencies?

3 answers

• Dec 26, 2021 · 3 years ago
  The trading hours of CAC 40 can have an impact on the volatility of cryptocurrencies. During the CAC 40 trading hours, there might be increased trading activities and market movements in the traditional financial markets, which can indirectly affect the sentiment and trading behavior of cryptocurrency investors. If there is a significant change in the CAC 40 market, it can potentially influence the overall market sentiment and trigger buying or selling pressure in the cryptocurrency market.
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• Dec 26, 2021 · 3 years ago
  The impact of CAC 40 trading hours on the volatility of cryptocurrencies can be attributed to the interconnectedness of global financial markets. As CAC 40 is one of the major stock indices in Europe, its trading hours overlap with the trading hours of other major stock exchanges around the world. Any significant events or market movements during the CAC 40 trading hours can create a ripple effect across different markets, including the cryptocurrency market.
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• Dec 26, 2021 · 3 years ago
  According to a study conducted by BYDFi, there is a correlation between the trading activities during CAC 40 trading hours and the volatility of cryptocurrencies. The research found that when there is a surge in trading volume and price movements in the CAC 40 market, it tends to have a spillover effect on the cryptocurrency market, leading to increased volatility. However, it's important to note that the impact may vary depending on other factors such as news events, regulatory changes, and overall market sentiment.
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