What time does the price of Bitcoin usually experience the most volatility?
Hemanth BodankiDec 16, 2021 · 3 years ago3 answers
Can you provide insights on the time when the price of Bitcoin tends to be the most volatile?
3 answers
- Dec 16, 2021 · 3 years agoThe price of Bitcoin typically experiences the most volatility during the early morning hours (around 2-4 AM UTC). This is when trading volume is relatively low, and a large buy or sell order can have a significant impact on the price. Traders who are looking to take advantage of price swings often monitor the market during this time. It's important to note that volatility can also occur during major news events or when there are regulatory announcements that affect the cryptocurrency market.
- Dec 16, 2021 · 3 years agoBitcoin's price tends to be most volatile during the late evening and early morning hours. This is because trading activity is lower during these times, which means that even a small buy or sell order can have a big impact on the price. Additionally, news and events that occur during these hours can also contribute to increased volatility. Traders who are comfortable with taking risks often prefer to trade during these times to capitalize on price movements.
- Dec 16, 2021 · 3 years agoAccording to a study conducted by BYDFi, the price of Bitcoin experiences the most volatility between 3-5 AM UTC. During this time, trading volume is relatively low, and the market is more susceptible to price swings. Traders who are actively looking for opportunities to profit from short-term price movements often focus on this time period. It's important to keep in mind that volatility can vary from day to day and is influenced by various factors, including market sentiment and external events.
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