Which cryptocurrencies are most influenced by FTSE trading hours?

3 answers

• Dec 16, 2021 · 3 years ago
  Certainly! The cryptocurrencies that are most influenced by the trading hours of FTSE include Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). These cryptocurrencies tend to experience significant price movements during the trading hours of FTSE due to the correlation between traditional financial markets and the cryptocurrency market. It's important to note that while FTSE trading hours can have an impact on these cryptocurrencies, other factors such as news events and market sentiment also play a significant role in their price movements.
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• Dec 16, 2021 · 3 years ago
  The trading hours of FTSE can have a notable influence on the price movements of certain cryptocurrencies. Bitcoin (BTC), being the largest and most widely traded cryptocurrency, is often affected by the trading activities in traditional financial markets such as FTSE. Ethereum (ETH) and Ripple (XRP) are also known to be influenced by FTSE trading hours to some extent. However, it's important to consider that cryptocurrency markets are highly volatile and influenced by various factors, so it's advisable to conduct thorough research and analysis before making any investment decisions.
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• Dec 16, 2021 · 3 years ago
  According to a study conducted by BYDFi, the cryptocurrencies that are most influenced by FTSE trading hours are Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). These cryptocurrencies have shown a higher correlation with the trading activities of FTSE compared to other digital currencies. It's worth noting that while FTSE trading hours can impact the price movements of these cryptocurrencies, it's essential to consider other factors such as market sentiment and global economic conditions. Investing in cryptocurrencies involves risks, and it's advisable to seek professional advice before making any investment decisions.
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