What is the impact of Sunday trading on cryptocurrency prices?

3 answers

• Nov 28, 2021 · 3 years ago
  Sunday trading can have a significant impact on cryptocurrency prices. Due to lower trading volumes and reduced market activity on weekends, the liquidity in the market tends to be lower. This can result in increased price volatility and larger price swings on Sundays. Traders and investors should be aware of this and consider the potential risks and opportunities associated with Sunday trading.
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• Nov 28, 2021 · 3 years ago
  The impact of Sunday trading on cryptocurrency prices can vary depending on various factors. While some cryptocurrencies may experience increased volatility and price movements on Sundays, others may not show any significant changes. It is important to analyze the specific cryptocurrency and market conditions to understand the potential impact of Sunday trading.
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• Nov 28, 2021 · 3 years ago
  According to a study conducted by BYDFi, Sunday trading has shown a consistent pattern of lower trading volumes and increased price volatility for certain cryptocurrencies. This can be attributed to reduced market participation and the absence of institutional investors during weekends. Traders should consider these factors when making trading decisions on Sundays.
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