What are the most active market hours for Bitcoin trading?
McCann LoweNov 25, 2021 · 3 years ago3 answers
Can you tell me when the most active market hours for Bitcoin trading are?
3 answers
- Nov 25, 2021 · 3 years agoThe most active market hours for Bitcoin trading are typically during the Asian trading session, which starts around 12:00 AM UTC and lasts until 8:00 AM UTC. During this time, there is usually higher trading volume and volatility in the Bitcoin market. Traders from countries like China, Japan, and South Korea are actively participating in Bitcoin trading during these hours. It's important to note that market activity can vary depending on factors such as news events, economic data releases, and global market sentiment.
- Nov 25, 2021 · 3 years agoBitcoin trading is most active during the early morning hours in Asia. This is when traders in countries like China and Japan are actively buying and selling Bitcoin. The market tends to be more volatile during these hours, which can present both opportunities and risks for traders. It's important to stay updated on market news and trends to make informed trading decisions during these hours.
- Nov 25, 2021 · 3 years agoAccording to BYDFi, a popular cryptocurrency exchange, the most active market hours for Bitcoin trading are between 2:00 AM UTC and 6:00 AM UTC. During this time, there is a higher volume of trades and increased price volatility. Traders looking to take advantage of short-term price movements may find these hours more favorable for trading. However, it's important to note that market activity can vary and it's always recommended to do thorough research and analysis before making any trading decisions.
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