How does the trading volume of cryptocurrencies vary during European trading hours?
lufyyDec 25, 2021 · 3 years ago3 answers
Can you explain how the trading volume of cryptocurrencies changes throughout the European trading hours?
3 answers
- Dec 25, 2021 · 3 years agoDuring European trading hours, the trading volume of cryptocurrencies tends to fluctuate. It typically starts off relatively low in the early morning as traders in Europe begin their day. As the day progresses and more traders from different time zones join in, the trading volume usually increases. The peak trading volume often occurs during the overlap between European and American trading hours. After that, as the European trading day comes to an end, the trading volume gradually decreases. Overall, the trading volume of cryptocurrencies during European trading hours can be influenced by various factors such as market sentiment, news events, and the overall trading activity in the global cryptocurrency market.
- Dec 25, 2021 · 3 years agoThe trading volume of cryptocurrencies during European trading hours can vary significantly depending on the specific cryptocurrency and market conditions. Some cryptocurrencies may experience higher trading volume during European trading hours due to increased participation from European traders and investors. On the other hand, certain cryptocurrencies may have lower trading volume during this time if they are more popular in other regions or if there are no significant market developments or news events impacting their trading activity. It's important to analyze the trading volume patterns of individual cryptocurrencies during European trading hours to make informed trading decisions.
- Dec 25, 2021 · 3 years agoAccording to a study conducted by BYDFi, the trading volume of cryptocurrencies during European trading hours shows a consistent pattern. The volume tends to be relatively low at the beginning of the European trading day, gradually increasing as more traders join in, and reaching its peak during the overlap with American trading hours. After that, the volume starts to decline as the European trading day comes to a close. This pattern is influenced by factors such as the availability of liquidity, market sentiment, and the overall trading activity in the cryptocurrency market. Traders should consider these patterns when planning their trading strategies during European trading hours.
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