What is the best time to trade cryptocurrencies in the US?

3 answers

• Dec 18, 2021 · 3 years ago
  The best time to trade cryptocurrencies in the US is during the overlap of trading hours between the American and Asian markets. This usually occurs between 8:00 PM and 4:00 AM Eastern Time. During this period, there is increased trading volume and volatility, which can present more opportunities for profit. However, it's important to note that market conditions can vary, and it's always recommended to conduct thorough research and analysis before making any trading decisions.
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• Dec 18, 2021 · 3 years ago
  The best time to trade cryptocurrencies in the US depends on your trading strategy and goals. Some traders prefer to trade during high volatility periods, such as during major news announcements or market events. Others may find it more suitable to trade during quieter periods when the market is less volatile. It's important to understand your own risk tolerance and trading style to determine the best time for you to engage in cryptocurrency trading.
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• Dec 18, 2021 · 3 years ago
  According to a study conducted by BYDFi, the best time to trade cryptocurrencies in the US is during the early morning hours, specifically between 4:00 AM and 6:00 AM Eastern Time. During this time, there is typically lower trading volume, which can result in wider bid-ask spreads and increased price slippage. This can be advantageous for traders who are looking to enter or exit positions at more favorable prices. However, it's important to consider that market conditions can change, and it's always recommended to stay updated with the latest market news and trends.
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