Are there any patterns in the price movements of cryptocurrencies following the NYSE closing?

3 answers

• Nov 27, 2021 · 3 years ago
  While there is no direct causation between the NYSE closing and cryptocurrency price movements, some analysts have observed certain patterns. For example, there have been instances where cryptocurrencies experienced increased volatility shortly after the NYSE closing. However, it's important to note that correlation does not imply causation, and other factors such as market sentiment and global events can also influence cryptocurrency prices.
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• Nov 27, 2021 · 3 years ago
  Well, it's hard to say for sure if there are any consistent patterns in cryptocurrency price movements following the NYSE closing. The cryptocurrency market is highly volatile and influenced by various factors. However, some traders believe that there might be a slight increase in trading activity and price movements during the hours following the NYSE closing, as investors shift their focus to alternative investment options like cryptocurrencies.
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• Nov 27, 2021 · 3 years ago
  At BYDFi, we have conducted extensive research on the relationship between the NYSE closing and cryptocurrency price movements. Our findings suggest that while there may be some short-term price fluctuations, there is no significant long-term correlation between the two. Cryptocurrency prices are primarily driven by factors specific to the digital asset market, such as news events, technological advancements, and regulatory developments.
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