What are the most active hours for cryptocurrency trading in the US market?
Daniela Fernandez da CruzDec 16, 2021 · 3 years ago3 answers
Can you provide information on the time periods when cryptocurrency trading is most active in the US market? I would like to know the specific hours during which trading volume is typically high.
3 answers
- Dec 16, 2021 · 3 years agoThe most active hours for cryptocurrency trading in the US market are usually between 9:00 AM and 4:00 PM Eastern Standard Time (EST). During this time, there is typically a higher volume of trading activity due to the overlap with the working hours of major financial institutions and traders. It's important to note that cryptocurrency markets are open 24/7, but the highest trading volumes are often seen during these hours.
- Dec 16, 2021 · 3 years agoIf you're looking to trade cryptocurrencies in the US market, it's generally recommended to focus on the hours between 9:00 AM and 4:00 PM EST. This is when the market is most active and you're likely to find higher liquidity and tighter spreads. However, it's worth noting that cryptocurrency markets are highly volatile and can experience significant price movements at any time, so it's important to stay updated and monitor the market closely.
- Dec 16, 2021 · 3 years agoAccording to data from BYDFi, one of the leading cryptocurrency exchanges, the most active hours for cryptocurrency trading in the US market are typically between 9:00 AM and 4:00 PM EST. During this time, there is usually a higher level of trading activity, which can result in increased volatility and trading opportunities. However, it's important to keep in mind that market conditions can vary, and it's always a good idea to conduct your own research and analysis before making any trading decisions.
Related Tags
Hot Questions
- 83
What are the best digital currencies to invest in right now?
- 83
What are the advantages of using cryptocurrency for online transactions?
- 80
What are the tax implications of using cryptocurrency?
- 77
How can I minimize my tax liability when dealing with cryptocurrencies?
- 45
How can I buy Bitcoin with a credit card?
- 43
Are there any special tax rules for crypto investors?
- 38
How does cryptocurrency affect my tax return?
- 31
What are the best practices for reporting cryptocurrency on my taxes?