What are the most active time periods for trading cryptocurrencies?
Lesego MatlogelaDec 15, 2021 · 3 years ago3 answers
When are the busiest times for trading cryptocurrencies? I want to know the specific time periods when the cryptocurrency market is most active.
3 answers
- Dec 15, 2021 · 3 years agoThe most active time periods for trading cryptocurrencies are typically during the Asian trading session, which starts around 12:00 AM UTC, and the European trading session, which starts around 8:00 AM UTC. During these time periods, there is usually higher trading volume and increased price volatility. It's important to note that the cryptocurrency market is open 24/7, so there is always some level of activity throughout the day.
- Dec 15, 2021 · 3 years agoIf you're looking for the busiest time to trade cryptocurrencies, you'll want to focus on the overlap between the Asian and European trading sessions. This is when you'll see the highest trading volume and the most opportunities for price movements. Keep in mind that different cryptocurrencies may have slightly different trading patterns, so it's always a good idea to research the specific market you're interested in before making any trading decisions.
- Dec 15, 2021 · 3 years agoAccording to BYDFi, one of the leading cryptocurrency exchanges, the most active time periods for trading cryptocurrencies are typically during the early morning hours in Asia and the late afternoon hours in Europe. During these time periods, traders from both regions are active, leading to increased trading volume and potentially more opportunities for profit. However, it's important to remember that the cryptocurrency market is highly volatile and unpredictable, so it's always wise to do your own research and exercise caution when trading.
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