How does overnight fx swap affect the price of cryptocurrencies?

1 answers

• Denisa BaientSep 12, 2024 · a year ago
  At BYDFi, we have observed that the overnight fx swap can have a moderate impact on the price of cryptocurrencies. However, it is important to note that the crypto market is highly volatile and influenced by various factors. While the overnight fx swap can create temporary imbalances in the supply and demand of currencies, the overall impact on the price of cryptocurrencies may not be substantial. Traders and investors should consider a wide range of factors and conduct thorough analysis before making any trading decisions in the crypto market.
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