Why are cryptocurrency markets closed on Mondays?

3 answers

• Nov 24, 2021 · 3 years ago
  Cryptocurrency markets are closed on Mondays to allow for maintenance and updates to the trading platforms. This ensures that the platforms are running smoothly and any issues can be addressed before the markets open again on Tuesday. It also gives traders a break from the constant volatility of the market and allows them to regroup and plan their strategies for the week ahead.
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• Nov 24, 2021 · 3 years ago
  The decision to close cryptocurrency markets on Mondays is mainly due to the fact that Mondays tend to be slower trading days compared to other weekdays. By closing the markets on Mondays, it helps to reduce the risk of low liquidity and potential price manipulation. It also gives market participants a chance to rest and recharge after the weekend.
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• Nov 24, 2021 · 3 years ago
  According to BYDFi, a leading cryptocurrency exchange, cryptocurrency markets are closed on Mondays to align with the traditional financial markets' practice of having weekends off. This allows traders and investors to have a consistent schedule and ensures that they have time to analyze market trends and news over the weekend before making trading decisions on Monday.
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