Cryptocurrency Q&A
What happens if you invest in Bitcoin outside US trading hours?
What happens if you invest in Bitcoin outside US trading hours?
SumoStrength
Wed Jul 17 2024
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5
answers
1055
When it comes to investing in Bitcoin outside of US trading hours, one must consider the potential risks and rewards. Firstly, the liquidity of the market may be reduced, meaning there may be fewer buyers and sellers active, which could potentially lead to wider spreads and increased volatility. Additionally, news and events that occur during these hours may not have an immediate impact on the price, as the market may not be as reactive. However, when the US market opens, any significant news or developments that have transpired during the off-hours could result in sharp price movements. It's important to be aware of these potential risks and have a well-defined strategy in place to navigate the market during these times.
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5 answers
SilenceStorm
Fri Jul 19 2024
Notably, since the US Securities and Exchange Commission granted approval to Bitcoin-related Exchange-Traded Funds (ETFs), the average daily returns of bitcoin have shifted significantly during non-US trading hours.
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Tommaso
Fri Jul 19 2024
Specifically, the daily returns of bitcoin outside US trading hours now stand at 0.31 per cent.
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Daniela
Fri Jul 19 2024
This shift suggests that the global market for bitcoin is becoming increasingly decoupled from US market hours.
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HanjiArtistry
Fri Jul 19 2024
As a result, investors and traders are increasingly looking to platforms and exchanges that operate during these off-peak hours to capitalize on these returns.
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EchoSeeker
Fri Jul 19 2024
The predominance of bitcoin activity beyond US trading hours is a significant trend.
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