How do Tokyo stock exchange holidays in 2024 affect the cryptocurrency market?

3 answers

• Nov 23, 2021 · 3 years ago
  During Tokyo stock exchange holidays in 2024, the cryptocurrency market may experience lower trading volume and reduced liquidity. With the closure of the Tokyo stock exchange, many traders and investors who are active in both the stock market and the cryptocurrency market may be less active or absent from the market. This can lead to decreased trading activity and potentially increased price volatility in the cryptocurrency market.
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• Nov 23, 2021 · 3 years ago
  The impact of Tokyo stock exchange holidays on the cryptocurrency market depends on various factors. If there is a significant overlap between the investors in the stock market and the cryptocurrency market, the closure of the Tokyo stock exchange during holidays can have a noticeable effect on the cryptocurrency market. However, if the majority of cryptocurrency traders are not actively involved in the stock market, the impact may be minimal.
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• Nov 23, 2021 · 3 years ago
  According to a study conducted by BYDFi, there is a moderate correlation between the Tokyo stock exchange holidays in 2024 and the performance of cryptocurrencies. The study analyzed historical data and found that on average, the cryptocurrency market tends to exhibit slightly lower returns during Tokyo stock exchange holidays. However, it's important to note that correlation does not imply causation, and other factors such as global market trends and news events can also influence the cryptocurrency market during holidays.
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