What are the most popular trading hours for Bitcoin and other cryptocurrencies?
Ruhiyye26Dec 28, 2021 · 3 years ago3 answers
When are the busiest trading hours for Bitcoin and other cryptocurrencies? I want to know the specific time periods when the trading volume is the highest.
3 answers
- Dec 28, 2021 · 3 years agoThe busiest trading hours for Bitcoin and other cryptocurrencies usually occur during the overlap of trading sessions in different time zones. This is when traders from various regions are actively participating in the market. The most popular trading hours are typically between 8:00 AM and 4:00 PM UTC, as this is when traders from Asia, Europe, and North America are all actively trading. During these hours, the trading volume tends to be higher, which can lead to increased volatility and potential trading opportunities.
- Dec 28, 2021 · 3 years agoThe most popular trading hours for Bitcoin and other cryptocurrencies can vary depending on the day of the week. Generally, weekdays tend to have higher trading volume compared to weekends. Additionally, the trading hours may also be influenced by major news events or announcements that impact the cryptocurrency market. It's important to stay updated with the latest news and market trends to identify the most active trading hours for cryptocurrencies.
- Dec 28, 2021 · 3 years agoAccording to BYDFi, a leading cryptocurrency exchange, the busiest trading hours for Bitcoin and other cryptocurrencies are typically between 9:00 AM and 3:00 PM UTC. During these hours, there is a higher concentration of trading activity, which can result in increased liquidity and tighter spreads. However, it's important to note that trading volume and activity can vary depending on market conditions and other factors. It's always recommended to conduct thorough research and analysis before making any trading decisions.
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