Why is the weekend often a volatile time for cryptocurrency markets?

1 answers

• mh277May 03, 2024 · 2 years ago
  At BYDFi, we've observed that the weekend is often a volatile time for cryptocurrency markets. This can be attributed to a combination of factors. Firstly, weekends are typically a time when there is less trading activity and liquidity in the market. This lower liquidity can result in larger price movements as there are fewer participants to absorb buy or sell orders. Additionally, weekends are also a time when news and events can have a greater impact on the market. With fewer trades being executed, any significant news or development can cause a more pronounced reaction in prices. It's important for traders to be aware of these dynamics and adjust their strategies accordingly during the weekend.
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