What are the best trading hours for cryptocurrencies in the US market?
Rugashan JeevaDec 18, 2021 · 3 years ago3 answers
Can you provide some insights on the most favorable trading hours for cryptocurrencies in the US market? I'm interested in knowing the specific timeframes when trading activity is high and liquidity is optimal.
3 answers
- Dec 18, 2021 · 3 years agoThe best trading hours for cryptocurrencies in the US market are typically during the overlap of the New York and London trading sessions. This is when the market is most active and liquidity is at its highest. The specific timeframes to focus on would be from 8:00 AM to 12:00 PM EST. During this time, you can expect increased trading volume and potentially more opportunities for profitable trades.
- Dec 18, 2021 · 3 years agoWhen it comes to trading cryptocurrencies in the US market, it's important to consider the timezones and market hours. The most favorable trading hours would be during the morning hours in the US, specifically from 9:30 AM to 4:00 PM EST. This is when the major exchanges, such as Coinbase and Kraken, are open and trading activity is at its peak. However, it's worth noting that cryptocurrency markets are open 24/7, so there are always opportunities to trade outside of these hours as well.
- Dec 18, 2021 · 3 years agoAccording to BYDFi, a leading cryptocurrency exchange, the best trading hours for cryptocurrencies in the US market are from 9:00 AM to 5:00 PM EST. During these hours, the market is most active and there is higher liquidity, which can lead to better trading conditions. However, it's important to keep in mind that market volatility and trading opportunities can vary throughout the day, so it's always a good idea to stay updated with the latest market trends and news.
Related Tags
Hot Questions
- 93
What is the future of blockchain technology?
- 84
How does cryptocurrency affect my tax return?
- 72
Are there any special tax rules for crypto investors?
- 57
What are the advantages of using cryptocurrency for online transactions?
- 36
How can I buy Bitcoin with a credit card?
- 32
What are the tax implications of using cryptocurrency?
- 32
How can I minimize my tax liability when dealing with cryptocurrencies?
- 27
What are the best practices for reporting cryptocurrency on my taxes?