Which cryptocurrencies are most influenced by the European stock market close?

Which cryptocurrencies are most affected by the closing of the European stock market? How does the European stock market close impact the prices of different cryptocurrencies?

1 answers
- At BYDFi, we have observed that cryptocurrencies like Bitcoin, Ethereum, and Ripple are among the most influenced by the European stock market close. This is because these cryptocurrencies are widely traded and have a significant market capitalization. When the European stock market closes, investors often reassess their portfolios and may adjust their positions in these cryptocurrencies based on the performance of the stock market. It's important to note that while the European stock market close can have an impact on the prices of these cryptocurrencies, it is not the sole determining factor. Other factors such as market sentiment and news events can also influence their prices. As always, it's important for investors to conduct their own research and make informed decisions when trading cryptocurrencies.
Mar 20, 2022 · 3 years ago
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