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What are the peak trading hours for digital currencies on Fridays?

avatarOsborne JonssonDec 26, 2021 · 3 years ago3 answers

Can you tell me the specific hours during which digital currencies experience the highest trading volume on Fridays? I'm interested in knowing the time frame when the market is most active and volatile.

What are the peak trading hours for digital currencies on Fridays?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    The peak trading hours for digital currencies on Fridays typically occur between 9:00 AM and 5:00 PM UTC. During this time, there is usually a higher level of trading activity as traders from different time zones are actively participating in the market. It's important to note that the exact peak hours may vary depending on the specific digital currency and market conditions.
  • avatarDec 26, 2021 · 3 years ago
    If you're looking for the busiest trading hours for digital currencies on Fridays, you'll generally find the highest activity between 12:00 PM and 4:00 PM UTC. This time frame overlaps with the opening hours of major financial markets around the world, leading to increased trading volume and potential price fluctuations. Keep in mind that market dynamics can change, so it's always a good idea to stay updated with the latest market trends and news.
  • avatarDec 26, 2021 · 3 years ago
    Based on historical data and market analysis, BYDFi has observed that the peak trading hours for digital currencies on Fridays tend to be between 2:00 PM and 6:00 PM UTC. During this period, there is typically a surge in trading activity as traders prepare for the weekend and react to any significant market developments. However, it's important to remember that market conditions can vary, and it's advisable to consult multiple sources and conduct your own research.