What are the best times to trade cryptocurrencies on NASDAQ?
Lency OrienDec 29, 2021 · 3 years ago3 answers
When is the most favorable time to trade cryptocurrencies on NASDAQ? I want to know the specific time periods during which trading activities are most active and the market is most volatile. Can you provide some insights on the best times to trade cryptocurrencies on NASDAQ?
3 answers
- Dec 29, 2021 · 3 years agoThe best times to trade cryptocurrencies on NASDAQ are typically during the overlap of trading hours between the New York Stock Exchange (NYSE) and the NASDAQ. This is when the market is most active and liquidity is high. Specifically, the hours between 9:30 AM and 4:00 PM Eastern Time (ET) are considered the most favorable for trading cryptocurrencies on NASDAQ. During this time, there is usually a higher volume of trades and increased price volatility, which can present more trading opportunities.
- Dec 29, 2021 · 3 years agoIf you're looking for the best times to trade cryptocurrencies on NASDAQ, it's important to consider the global market dynamics. Cryptocurrency markets are open 24/7, and their prices can be influenced by events happening around the world. For example, major news announcements, economic data releases, and geopolitical events can have a significant impact on cryptocurrency prices. Therefore, it's advisable to keep an eye on these factors and trade during periods of high market activity and volatility.
- Dec 29, 2021 · 3 years agoAccording to a study conducted by BYDFi, a digital currency exchange, the most active trading hours for cryptocurrencies on NASDAQ are typically between 9:30 AM and 12:00 PM ET, and between 2:00 PM and 4:00 PM ET. During these time periods, there is usually a higher volume of trades and increased price volatility, which can present more trading opportunities. However, it's important to note that market conditions can vary, and it's always recommended to conduct thorough research and analysis before making any trading decisions.
Related Tags
Hot Questions
- 97
What are the best practices for reporting cryptocurrency on my taxes?
- 95
What is the future of blockchain technology?
- 88
What are the advantages of using cryptocurrency for online transactions?
- 77
What are the tax implications of using cryptocurrency?
- 69
How can I buy Bitcoin with a credit card?
- 64
How can I protect my digital assets from hackers?
- 54
How does cryptocurrency affect my tax return?
- 53
How can I minimize my tax liability when dealing with cryptocurrencies?