What is the correlation between the New York session and cryptocurrency market volatility?

3 answers

• francesco_trigSep 19, 2024 · a year ago
  The New York session, which is the most active trading session in the forex market, can have a significant impact on the volatility of the cryptocurrency market. This is because many cryptocurrency traders and investors are based in New York and actively participate in trading during this session. The increased trading volume and activity during the New York session can lead to higher price fluctuations and volatility in the cryptocurrency market. Additionally, news and events that occur during the New York session, such as economic reports or regulatory announcements, can also influence market sentiment and contribute to increased volatility in cryptocurrencies.
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• Alex RazuMar 04, 2025 · 6 months ago
  The correlation between the New York session and cryptocurrency market volatility is quite strong. As the financial hub of the United States, New York has a significant influence on global financial markets, including cryptocurrencies. The opening and closing of the New York session often coincide with important market events and news releases, which can cause sudden price movements and increased volatility in cryptocurrencies. Traders and investors closely monitor the New York session to capitalize on these opportunities or protect themselves from potential risks. Therefore, understanding the correlation between the New York session and cryptocurrency market volatility is crucial for successful trading in the digital asset space.
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• Jay JennerMay 19, 2021 · 4 years ago
  The New York session has a direct impact on the volatility of the cryptocurrency market. As one of the major financial centers in the world, New York is home to many institutional investors, hedge funds, and high-frequency trading firms that actively trade cryptocurrencies. The trading activities during the New York session can create significant price movements and increase market volatility. Moreover, the New York session overlaps with the European session, which further amplifies the trading volume and volatility in the cryptocurrency market. Traders need to be aware of the timing and dynamics of the New York session to make informed trading decisions and manage their risk exposure effectively.
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