How does the volatility of cryptocurrencies change throughout the day?

3 answers

• Dec 16, 2021 · 3 years ago
  Certainly! The volatility of cryptocurrencies can vary throughout the day due to a variety of factors. During peak trading hours, such as when the Asian, European, and American markets overlap, there tends to be higher volatility as trading volume increases. Additionally, major news events or announcements related to cryptocurrencies can also cause sudden price movements and increased volatility. It's important to note that volatility can differ between different cryptocurrencies, so it's always a good idea to closely monitor the specific cryptocurrency you're interested in. Overall, the volatility of cryptocurrencies can change throughout the day depending on market conditions and external factors.
  708354
• Dec 16, 2021 · 3 years ago
  Oh boy, let me tell you about the rollercoaster ride that is cryptocurrency volatility throughout the day! It's like a wild west showdown, with prices shooting up and crashing down faster than you can say 'Bitcoin'. The morning usually starts off with some action as traders in Asia wake up and start making moves. Then, things calm down a bit during the afternoon, only to pick up again during the European trading session. And just when you think it's time to relax, the American traders come in and shake things up. But hey, that's the beauty of cryptocurrencies - you never know what's going to happen next! Just make sure you buckle up and enjoy the ride.
  660220
• Dec 16, 2021 · 3 years ago
  At BYDFi, we've analyzed the volatility of cryptocurrencies throughout the day and found some interesting patterns. Generally, we observe higher volatility during the early morning hours (UTC time) when Asian markets are active. This is followed by a relatively calm period during the afternoon until the European markets open, which often leads to increased volatility. The American trading session can also bring significant price movements, especially when major news or events occur. It's important to keep in mind that these patterns can vary depending on the specific cryptocurrency and market conditions. So, always stay vigilant and adapt your trading strategy accordingly.
  681171