How does the New York session affect the volatility of cryptocurrency pairs?

3 answers

• FadeClipJul 04, 2020 · 5 years ago
  During the New York session, the volatility of cryptocurrency pairs tends to increase. This is because the New York session overlaps with the European session, resulting in higher trading volume and increased market activity. Additionally, many major financial institutions and hedge funds are located in New York, which can lead to large buy or sell orders that impact the price of cryptocurrencies. The release of important economic news and events during the New York session can also contribute to increased volatility in cryptocurrency pairs. Overall, the New York session plays a significant role in shaping the volatility of cryptocurrency pairs.
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• Bagger ConnellJul 09, 2023 · 2 years ago
  The New York session has a significant impact on the volatility of cryptocurrency pairs. As one of the major financial centers in the world, New York attracts a large number of institutional investors and traders. Their participation in the market during the New York session can lead to increased trading volume and price fluctuations. Additionally, the release of economic data and news announcements during this session can further amplify the volatility of cryptocurrency pairs. Traders should be aware of the potential impact of the New York session on their trading strategies and risk management.
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• MSDMJul 15, 2021 · 4 years ago
  The New York session is known for its influence on the volatility of cryptocurrency pairs. As the financial hub of the United States, New York hosts many institutional investors and professional traders who actively participate in the cryptocurrency market. Their trading activities during the New York session can lead to increased volatility as large orders are executed. Furthermore, the New York session coincides with the release of important economic data and news events, which can further impact the volatility of cryptocurrency pairs. Traders should closely monitor the New York session and consider its potential effects on their trading decisions.
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