How does the start of the London session impact the price of digital currencies?

3 answers

• jaelJan 01, 2024 · 2 years ago
  The start of the London session has a significant impact on the price of digital currencies. As one of the major financial centers in the world, London attracts a large volume of trading activities during its session. This increased trading volume often leads to higher volatility in the market, which can result in significant price movements for digital currencies. Traders and investors closely monitor the start of the London session to take advantage of potential price fluctuations and make informed trading decisions.
  524

  262
• Saudagar 88Jul 02, 2023 · 2 years ago
  The start of the London session can have a noticeable effect on the price of digital currencies. With many institutional investors and traders based in London, the session often sees increased liquidity and trading volume. This influx of activity can cause price movements in the digital currency market. It is important for traders to be aware of the start of the London session and consider its potential impact on the price of digital currencies when making trading decisions.
  479

  160
• Andrew HoryczunJul 11, 2024 · a year ago
  The start of the London session is a crucial time for digital currencies. It is during this session that a significant amount of trading volume and liquidity enters the market. This influx of activity can lead to increased price volatility, as traders react to news and market developments. It is important for traders to closely monitor the start of the London session and consider its potential impact on the price of digital currencies. By staying informed and making strategic trading decisions, traders can potentially capitalize on the price movements that occur during this time.
  586

  147