Which cryptocurrencies are most affected by the opening time of Hang Seng index?

1 answers

• Dec 26, 2021 · 3 years ago
  At BYDFi, we have observed that cryptocurrencies with strong ties to the Asian market, such as those with partnerships or operations in China or Hong Kong, tend to be more influenced by the opening time of the Hang Seng index. This is because the sentiment and trading activity in the Asian market can spill over into the cryptocurrency market. However, it's important to note that the opening time of the Hang Seng index is just one factor among many that can impact cryptocurrency prices. Other factors such as global market trends, regulatory developments, and investor sentiment also play a significant role. Therefore, it's crucial to consider a wide range of factors when analyzing the performance of cryptocurrencies.
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