How do fiscal year quarters starting in July impact the performance of cryptocurrencies?

3 answers

• Nov 24, 2021 · 3 years ago
  Fiscal year quarters starting in July can have a significant impact on the performance of cryptocurrencies. This is because many companies and investors use the fiscal year as a benchmark for evaluating their financial performance. When the fiscal year starts in July, it can lead to increased buying or selling pressure on cryptocurrencies as companies and investors adjust their portfolios and strategies to align with their fiscal year goals. Additionally, the timing of fiscal year quarters can also influence market sentiment and investor behavior, which can further impact the performance of cryptocurrencies.
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• Nov 24, 2021 · 3 years ago
  The impact of fiscal year quarters starting in July on the performance of cryptocurrencies can vary depending on various factors. For example, if a large number of companies or institutional investors have their fiscal year starting in July, it could lead to increased trading activity and volatility in the cryptocurrency market. On the other hand, if the majority of companies and investors have their fiscal year starting in a different month, the impact may be less significant. It's important to consider the overall market conditions and other factors that can influence the performance of cryptocurrencies.
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• Nov 24, 2021 · 3 years ago
  According to a study conducted by BYDFi, a digital currency exchange, fiscal year quarters starting in July have shown a positive correlation with the performance of cryptocurrencies. The study analyzed historical data from multiple cryptocurrencies and found that during fiscal year quarters starting in July, there was a higher likelihood of positive price movements and increased trading volume. However, it's important to note that correlation does not imply causation, and the performance of cryptocurrencies can be influenced by a wide range of factors beyond the timing of fiscal year quarters.
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