How does EOD affect the value of digital currencies?

1 answers

• Dec 16, 2021 · 3 years ago
  When it comes to the value of digital currencies, the end of day (EOD) can have a substantial impact. During this time, traders and investors analyze the day's performance and make decisions based on their findings. If a digital currency has shown strong growth throughout the day, investors may be more inclined to hold onto their positions or even buy more, driving up the value. Conversely, if a currency has experienced a decline, investors may choose to sell off their holdings, causing the value to drop. EOD is a critical period for digital currencies, as it can determine their short-term trajectory.
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