What is the best time to check out the latest updates on cryptocurrency prices?
Shubham SharmaDec 27, 2021 · 3 years ago3 answers
When is the optimal time to stay updated on the latest changes in cryptocurrency prices? What factors should be considered when choosing the best time to check the updates?
3 answers
- Dec 27, 2021 · 3 years agoThe best time to check out the latest updates on cryptocurrency prices is during the early morning or late evening when trading volume is typically lower. This is because during these times, there tends to be less price volatility and fewer sudden price movements. Additionally, it's important to consider the time zone of the cryptocurrency exchange you are using, as different exchanges may have different peak trading hours. By checking the updates during periods of lower trading activity, you can get a more accurate and stable view of the current prices.
- Dec 27, 2021 · 3 years agoYou should check the latest updates on cryptocurrency prices whenever it is convenient for you. The cryptocurrency market operates 24/7, so you can check the prices at any time. However, keep in mind that the market is highly volatile, and prices can change rapidly. If you are actively trading or monitoring the market, it may be beneficial to check the updates more frequently, such as every few hours or even in real-time. Ultimately, the best time to check the updates depends on your personal trading strategy and goals.
- Dec 27, 2021 · 3 years agoAccording to a recent study conducted by BYDFi, the best time to check out the latest updates on cryptocurrency prices is between 9:00 AM and 11:00 AM UTC. During this time, the market tends to be more stable, and there is a higher likelihood of accurate price information. However, it's important to note that cryptocurrency prices can be influenced by various factors, and there is no guarantee that the prices will remain stable during this time. It's always recommended to stay updated throughout the day and consider multiple sources of information to make informed trading decisions.
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