How does the Asian session affect the price movement of cryptocurrencies?

1 answers

• Muhammad Ali SindhuNov 11, 2020 · 5 years ago
  At BYDFi, we closely monitor the impact of the Asian session on the price movement of cryptocurrencies. The Asian session, which overlaps with the morning hours in Asia, tends to set the tone for the day in terms of trading activity and price trends. This session is particularly important for cryptocurrencies due to the significant trading volume and liquidity in Asian markets. The buying and selling decisions made by Asian traders during this session can have a notable impact on the price movement of cryptocurrencies. Additionally, news and events specific to Asia, such as regulatory changes or market sentiment, can further influence the price. Therefore, it is crucial for traders to pay attention to the Asian session and consider its potential impact when making trading decisions.
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