What are the most active trading sessions for cryptocurrencies in EST?
DaFiDec 26, 2021 · 3 years ago3 answers
Can you provide information on the most active trading sessions for cryptocurrencies in Eastern Standard Time (EST)?
3 answers
- Dec 26, 2021 · 3 years agoThe most active trading sessions for cryptocurrencies in EST are typically during the Asian market hours, specifically when the markets in Japan, China, and South Korea are open. These sessions usually start around 8:00 PM EST and continue until 4:00 AM EST. During this time, there is a high volume of trading activity as these countries have a significant impact on the cryptocurrency market. It's important to note that market activity can vary depending on specific cryptocurrencies and market conditions.
- Dec 26, 2021 · 3 years agoIn EST, the most active trading sessions for cryptocurrencies are during the early morning hours, starting around 2:00 AM EST and continuing until 10:00 AM EST. This is when the European markets, such as London and Frankfurt, are open and actively trading cryptocurrencies. These sessions often see increased volatility and trading volume as traders from Europe participate in the market. However, it's important to keep in mind that market activity can be influenced by various factors, so it's always a good idea to stay updated with the latest news and market trends.
- Dec 26, 2021 · 3 years agoAccording to BYDFi, a leading cryptocurrency exchange, the most active trading sessions for cryptocurrencies in EST are typically during the late evening and early morning hours. This is when the Asian and European markets overlap, creating a period of increased trading activity. The sessions usually start around 8:00 PM EST and continue until 10:00 AM EST. During this time, traders from both regions are actively participating in the market, leading to higher trading volumes and potential opportunities for profit. It's important to note that market dynamics can change, so it's always recommended to stay informed and adapt your trading strategies accordingly.
Related Tags
Hot Questions
- 84
What are the best practices for reporting cryptocurrency on my taxes?
- 80
How can I protect my digital assets from hackers?
- 76
What are the advantages of using cryptocurrency for online transactions?
- 73
How can I buy Bitcoin with a credit card?
- 71
Are there any special tax rules for crypto investors?
- 64
How can I minimize my tax liability when dealing with cryptocurrencies?
- 61
What are the best digital currencies to invest in right now?
- 40
What are the tax implications of using cryptocurrency?