What is the most active trading session for cryptocurrencies?
Kshitiz khanalDec 15, 2021 · 3 years ago3 answers
Can you tell me which trading session is the most active for cryptocurrencies? I'm interested in knowing the specific time period when the trading volume is the highest.
3 answers
- Dec 15, 2021 · 3 years agoThe most active trading session for cryptocurrencies is usually during the Asian trading hours, specifically when markets in Japan, South Korea, and China are open. This is because these countries have a significant number of cryptocurrency traders and investors, leading to higher trading volume. The Asian session typically starts around 12:00 AM UTC and lasts until 8:00 AM UTC. During this time, you can expect increased volatility and liquidity in the cryptocurrency markets.
- Dec 15, 2021 · 3 years agoIf you're looking for the most active trading session for cryptocurrencies, you should focus on the Asian session. This is when the markets in Asia, particularly in Japan and South Korea, are active and driving the majority of the trading volume. The Asian session starts around midnight UTC and lasts for several hours. Keep in mind that the trading volume can vary depending on the specific cryptocurrency and market conditions, so it's always a good idea to monitor the market activity in real-time.
- Dec 15, 2021 · 3 years agoAccording to data from BYDFi, the most active trading session for cryptocurrencies is the Asian session. During this time, the trading volume tends to be the highest due to the active participation of traders from Asian countries. The Asian session typically starts around 12:00 AM UTC and lasts until 8:00 AM UTC. If you're looking to take advantage of higher liquidity and potential price movements, it's recommended to focus on trading during the Asian session.
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