What time of the day is the best to trade cryptocurrencies after the release of CPI data?

3 answers

• Jan 12, 2022 · 3 years ago
  The best time to trade cryptocurrencies after the release of CPI data is during the first hour of the market opening. This is when the market is most active and volatile, providing opportunities for quick gains. However, it's important to closely monitor the market and have a clear trading strategy in place to minimize risks.
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• Jan 12, 2022 · 3 years ago
  Based on historical data, it is generally observed that the period immediately following the release of CPI data is characterized by increased market volatility. This presents both opportunities and risks for cryptocurrency traders. It is advisable to wait for the initial market reaction to settle down before making any trading decisions. Additionally, keeping an eye on other economic indicators and news events can help identify potential trading opportunities.
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• Jan 12, 2022 · 3 years ago
  According to a study conducted by BYDFi, a digital currency exchange, the optimal time to trade cryptocurrencies after the release of CPI data is between 9:30 AM and 10:30 AM EST. During this time, the market tends to experience higher trading volumes and increased price movements, providing favorable conditions for traders. However, it's important to note that individual trading strategies and risk tolerance should also be taken into consideration.
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