What are the most active trading periods for cryptocurrencies?

3 answers

• Nov 24, 2021 · 3 years ago
  The most active trading periods for cryptocurrencies are typically during the weekdays, especially from Monday to Friday. This is because the majority of traders are actively participating in the market during these days. Additionally, the trading activity tends to be higher during the daytime hours, when major financial markets are open. During these peak times, there is increased liquidity and volatility, providing more opportunities for traders to buy and sell cryptocurrencies.
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• Nov 24, 2021 · 3 years ago
  When it comes to trading cryptocurrencies, the most active periods are often seen during the Asian trading session, as it overlaps with the European and American trading sessions. This creates a global trading environment with increased trading volumes and price movements. Traders from different time zones are actively participating, leading to higher liquidity and market activity. It's important to note that specific cryptocurrencies may have their own peak trading periods based on their popularity and market demand.
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• Nov 24, 2021 · 3 years ago
  According to a recent study by BYDFi, the most active trading periods for cryptocurrencies are typically between 9:00 AM and 4:00 PM UTC. During this time, traders from around the world are actively engaged in buying and selling cryptocurrencies. This period coincides with the opening hours of major financial markets, such as London and New York, resulting in increased trading volumes and market activity. It's important for traders to consider these peak times when planning their trading strategies.
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