How does the London trading session affect cryptocurrency prices?

3 answers

• John SterlingSep 01, 2022 · 3 years ago
  During the London trading session, there is typically higher trading volume and liquidity in the cryptocurrency market. This increased activity can lead to more price volatility, as traders react to news and market developments. Additionally, the London session overlaps with other major trading sessions, such as New York and Tokyo, which further amplifies the impact on cryptocurrency prices. It's important to note that while the London session can have a significant influence on prices, it is just one of many factors that contribute to the overall price movement of cryptocurrencies.
  589

  295
• DeerdanceMay 23, 2024 · a year ago
  The London trading session has a significant impact on cryptocurrency prices. As one of the major financial hubs in the world, London attracts a large number of institutional investors and traders. Their participation in the market during the London session can result in increased buying or selling pressure, which directly affects the prices of cryptocurrencies. Furthermore, the London session is known for its active derivatives market, where traders can speculate on the price movements of cryptocurrencies. This speculation can also contribute to price fluctuations during this session.
  592

  198
• raekyaJan 17, 2025 · 10 months ago
  The London trading session is indeed an important time for cryptocurrency trading. It is during this session that many major cryptocurrency exchanges, including BYDFi, experience a surge in trading activity. The increased trading volume during the London session can lead to higher liquidity and tighter spreads, which can impact the prices of cryptocurrencies. Additionally, the London session often coincides with important news releases and economic events, which can further influence the sentiment and trading decisions of market participants. Therefore, it's crucial for cryptocurrency traders to pay close attention to the London trading session and its potential impact on prices.
  688

  172