Which cryptocurrencies are most affected by forex options expiry events?

3 answers

• Uatkarsh ShingadeAug 21, 2024 · a year ago
  During forex options expiry events, certain cryptocurrencies tend to be more affected than others. Bitcoin, as the largest and most widely traded cryptocurrency, is often impacted the most. Ethereum, with its high market capitalization and strong trading volume, is also significantly influenced. Other cryptocurrencies that are commonly affected include Ripple, Litecoin, and Bitcoin Cash. However, it's important to note that the extent of the impact can vary depending on the specific event and market conditions. It's always advisable to closely monitor the market and stay updated with the latest news and analysis to make informed trading decisions.
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• Mladen VucicOct 31, 2021 · 4 years ago
  Forex options expiry events can have a significant impact on the cryptocurrency market. While Bitcoin is usually the most affected cryptocurrency, other major cryptocurrencies such as Ethereum, Ripple, Litecoin, and Bitcoin Cash are also influenced. The reason behind this is that these cryptocurrencies have a high trading volume and are closely tied to the overall market sentiment. When forex options expire, it can lead to increased volatility and price fluctuations in the cryptocurrency market. Traders and investors should be aware of these events and consider them in their trading strategies.
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• 2SikNinjaApr 09, 2023 · 2 years ago
  Based on our analysis at BYDFi, we have observed that Bitcoin, Ethereum, and Ripple are the cryptocurrencies that are most affected by forex options expiry events. These cryptocurrencies have a large market capitalization and are widely traded, making them more susceptible to price movements during such events. However, it's important to note that the impact can vary depending on the specific event and market conditions. Traders should always conduct their own research and analysis before making any trading decisions.
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