How does premarket trading affect the price of cryptocurrencies on Robinhood?

3 answers

• Nov 26, 2021 · 3 years ago
  Premarket trading can have a significant impact on the price of cryptocurrencies on Robinhood. During this period, which occurs before the regular market opens, traders can place orders to buy or sell cryptocurrencies. The limited liquidity during premarket trading can result in more significant price fluctuations compared to regular trading hours. Additionally, news or events that occur overnight can influence market sentiment and drive price movements. It's important to note that premarket trading on Robinhood is limited to certain hours, typically from 9:00 AM to 9:30 AM Eastern Time.
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• Nov 26, 2021 · 3 years ago
  Ah, premarket trading, the wild west of the crypto market! So, here's the deal: during premarket trading on Robinhood, the price of cryptocurrencies can go bananas. Why? Well, it's all about supply and demand, my friend. With fewer traders participating and limited liquidity, even a small buy or sell order can have a big impact on the price. Plus, any breaking news or juicy rumors that hit the market before the regular trading hours can send prices soaring or crashing. Just keep in mind that premarket trading on Robinhood usually starts at 9:00 AM ET and lasts for about 30 minutes.
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• Nov 26, 2021 · 3 years ago
  Premarket trading can indeed affect the price of cryptocurrencies on Robinhood. During this period, traders can place orders, but it's important to note that the execution of these orders may be delayed until regular trading hours begin. This delay can result in price discrepancies between premarket and regular trading hours. However, it's worth mentioning that premarket trading on Robinhood is relatively limited compared to other platforms. If you're looking for more extensive premarket trading options, you might want to consider platforms like BYDFi, which offer a wider range of trading hours and liquidity during this period.
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