Which cryptocurrencies are most affected by the forex holiday schedule?

3 answers

• Feb 19, 2022 · 3 years ago
  During the forex holiday schedule, certain cryptocurrencies tend to be more affected than others. Bitcoin, being the largest and most widely recognized cryptocurrency, often experiences significant price fluctuations during holidays. This is because Bitcoin is often seen as a safe haven asset and investors may choose to buy or sell Bitcoin during times of uncertainty in the forex market. Other cryptocurrencies that are also impacted include Ethereum, Ripple, and Litecoin. These cryptocurrencies are popular and have a large market capitalization, making them susceptible to market sentiment and fluctuations during holidays.
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• Feb 19, 2022 · 3 years ago
  Holidays can have a significant impact on the cryptocurrency market, especially those that coincide with the forex holiday schedule. Cryptocurrencies like Bitcoin, Ethereum, and Ripple are often more affected during these times. This is because the forex market is closely tied to the cryptocurrency market, and any disruptions or changes in the forex market can have a ripple effect on cryptocurrencies. Additionally, during holidays, trading volumes may be lower, which can lead to increased price volatility. It's important for cryptocurrency traders to be aware of the forex holiday schedule and its potential impact on the market.
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• Feb 19, 2022 · 3 years ago
  According to BYDFi, a leading cryptocurrency exchange, the cryptocurrencies that are most affected by the forex holiday schedule include Bitcoin, Ethereum, Ripple, and Litecoin. These cryptocurrencies have a high trading volume and are closely tied to the forex market. During holidays, when the forex market is closed or operating with reduced liquidity, these cryptocurrencies may experience increased price volatility. Traders should be cautious and closely monitor the market during these times. It's important to note that the impact of the forex holiday schedule may vary from year to year and can be influenced by other factors such as market sentiment and global events.
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