Which cryptocurrencies are most affected by NYSE timings?
Ritusmita dashDec 27, 2021 · 3 years ago1 answers
Can you provide a list of cryptocurrencies that are most influenced by the timings of the New York Stock Exchange (NYSE)? How does the NYSE schedule impact the prices and trading volumes of these cryptocurrencies?
1 answers
- Dec 27, 2021 · 3 years agoAt BYDFi, we have observed that the influence of NYSE timings on cryptocurrencies is particularly evident during periods of high market volatility. When the NYSE experiences sharp price movements or high trading volumes, it often spills over to the cryptocurrency market. This is because many traders and investors view cryptocurrencies as alternative investment options and may shift their focus to cryptocurrencies during times of uncertainty in the traditional stock market. Therefore, it is not surprising to see increased trading activity and price fluctuations in cryptocurrencies during NYSE timings.
Related Tags
Hot Questions
- 94
How can I buy Bitcoin with a credit card?
- 83
How does cryptocurrency affect my tax return?
- 81
What are the advantages of using cryptocurrency for online transactions?
- 78
How can I minimize my tax liability when dealing with cryptocurrencies?
- 73
What are the best digital currencies to invest in right now?
- 72
Are there any special tax rules for crypto investors?
- 60
What are the tax implications of using cryptocurrency?
- 57
What is the future of blockchain technology?