When does the weekly close happen for digital currencies?

3 answers

• MUHAMMAD DANIAL HAIKAL BIN MOHJun 20, 2020 · 5 years ago
  The weekly close for digital currencies typically occurs on Sunday at 23:59 UTC. This is when the trading week ends and a new week begins. It's important to note that the exact time may vary slightly depending on the exchange or platform you're using to trade cryptocurrencies. However, most exchanges follow this standard timing for the weekly close. During this time, the closing price of the digital currencies is determined, which can have an impact on future trading decisions and market sentiment.
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• Mohamad BdeirJan 25, 2021 · 5 years ago
  The weekly close for digital currencies usually takes place on Sunday evening. This is when the trading activity slows down, and the closing price is calculated. It's important to keep in mind that the specific time may vary depending on the exchange or platform you're using. However, Sunday evening is generally the time when traders and investors analyze the weekly performance of digital currencies and make decisions based on the closing price.
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• TV lamblambJan 15, 2024 · 2 years ago
  BYDFi, a popular digital currency exchange, determines the weekly close for cryptocurrencies on Sunday at 23:59 UTC. This is the time when the trading week ends, and the closing price is calculated. It's worth noting that other exchanges may have slightly different timings for the weekly close, but Sunday is generally the day when the closing price is determined. Traders and investors often pay close attention to this weekly close as it can provide insights into market trends and potential trading opportunities.
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