How do after hours quotes affect the price of cryptocurrencies?

3 answers

• Adithya Kumar HDec 26, 2022 · 3 years ago
  After hours quotes can indeed have an impact on the price of cryptocurrencies. While the trading volume during non-trading hours is typically lower, the availability of quotes allows traders and investors to react to news and events that occur outside of regular trading hours. This can lead to price movements when the market opens. However, it's important to note that the liquidity during after hours trading is usually lower, which can result in wider bid-ask spreads and increased price volatility. Therefore, while after hours quotes can provide valuable information, it's crucial to consider the overall market conditions and liquidity before making trading decisions.
  675

  338
• Ananthakumar LAug 23, 2023 · 3 years ago
  Yeah, after hours quotes can mess with the price of cryptocurrencies. You know, when there's breaking news or some major event happening, people want to react immediately. So, even though the trading volume is lower during non-trading hours, those quotes can still influence the market sentiment and lead to price movements when the market opens. But hey, keep in mind that after hours trading is a bit different from regular trading. The liquidity is lower, which means the spreads can be wider and the price can be more volatile. So, don't rely solely on after hours quotes, consider the bigger picture before making any moves.
  629

  210
• SssstephanieeeeJul 11, 2022 · 4 years ago
  As a representative of BYDFi, I can tell you that after hours quotes do play a role in the price of cryptocurrencies. While the trading volume is lower during non-trading hours, the availability of quotes allows traders to react to news and events that occur outside of regular trading hours. This can lead to price movements when the market opens. However, it's important to note that after hours trading is generally less liquid, which can result in wider spreads and increased price volatility. Therefore, it's crucial to consider the overall market conditions and liquidity before making trading decisions based on after hours quotes.
  638

  160