Cryptocurrency Q&A
What is a 'daily close' in crypto?
What is a 'daily close' in crypto?
Caterina
Sun Dec 15 2024
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6 answers
1344
I'm trying to understand the concept of 'daily close' in the context of cryptocurrencies. I want to know what it means and how it affects the crypto market.
6 answers
Carlo
Tue Dec 17 2024
Conversely, in the realm of cryptocurrencies, there is no universal closing bell or standardized time for market closure.
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EthereumElite
Tue Dec 17 2024
To address this, the crypto community has devised its own method of determining a "daily close."
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Margherita
Tue Dec 17 2024
In traditional financial markets, traders typically rely on the daily closing price to assess the performance of their investments.
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Andrea
Tue Dec 17 2024
This concept involves comparing the price of a cryptocurrency at 12:00 UTC with its price 24 hours prior.
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DongdaemunTrendsetting
Tue Dec 17 2024
This daily close serves as a benchmark for evaluating gains and losses over a specified period.
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