What is the impact of the 11 am CEST market open on cryptocurrency prices?

3 answers

• Mar 20, 2022 · 3 years ago
  The 11 am CEST market open can have a significant impact on cryptocurrency prices. As the market opens, there is often an increase in trading activity and liquidity, which can lead to higher volatility. Traders and investors may react to news and market developments that occurred overnight or during the pre-market hours, causing price fluctuations. Additionally, the market open at this time coincides with the start of the trading day in Europe, which can result in increased participation from European traders and institutions. Overall, the 11 am CEST market open can set the tone for the day's trading and influence the direction of cryptocurrency prices.
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• Mar 20, 2022 · 3 years ago
  The 11 am CEST market open is an important time for cryptocurrency traders and investors. It is when the market becomes more active and liquid, as more participants enter the market. This increased activity can lead to higher volatility in cryptocurrency prices. Traders often use this time to react to news and market developments that occurred overnight or during the pre-market hours. The market open at 11 am CEST also coincides with the start of the trading day in Europe, which can result in increased trading volume and price movements. Therefore, it is important for cryptocurrency traders to pay attention to the market open at this specific time.
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• Mar 20, 2022 · 3 years ago
  At BYDFi, we have observed that the 11 am CEST market open can have a significant impact on cryptocurrency prices. The market opening at this time often leads to increased trading volume and liquidity, which can result in higher price volatility. Traders and investors react to news and market developments that occurred overnight or during the pre-market hours, which can cause sharp price movements. Additionally, the market open at 11 am CEST coincides with the start of the trading day in Europe, attracting more European participants and potentially influencing cryptocurrency prices. Therefore, it is important for traders to be aware of the market open at this specific time and adjust their trading strategies accordingly.
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