What is the impact of Saturday trading on the value of digital currencies?

3 answers

• Dec 18, 2021 · 3 years ago
  Saturday trading can have a significant impact on the value of digital currencies. Due to the nature of the cryptocurrency market, which operates 24/7, trading activities on Saturdays can contribute to increased volatility and price fluctuations. The lower trading volume during weekends can also amplify the impact of buy or sell orders, leading to more pronounced price movements. Additionally, news and events that occur during weekends may have a delayed effect on the market, causing sudden price changes when trading resumes on Mondays.
  542271
• Dec 18, 2021 · 3 years ago
  Saturday trading definitely affects the value of digital currencies. With fewer participants in the market compared to weekdays, the trading volume tends to be lower, which can result in increased price volatility. Traders who are active on Saturdays may take advantage of the lower liquidity to manipulate prices, leading to exaggerated price swings. It's important for investors to be aware of these dynamics and adjust their trading strategies accordingly.
  459153
• Dec 18, 2021 · 3 years ago
  According to a study conducted by BYDFi, Saturday trading has a noticeable impact on the value of digital currencies. The research found that trading volume on Saturdays tends to be lower compared to other days of the week, which can lead to increased price volatility. However, it's worth noting that the impact may vary depending on the specific digital currency and market conditions. Traders should consider these factors and conduct thorough analysis before making trading decisions on Saturdays.
  501126