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Which trading sessions have the highest trading volume for altcoins?

avatarAnanthakumar LDec 19, 2021 · 3 years ago3 answers

Can you provide insights on which trading sessions typically have the highest trading volume for altcoins? I'm interested in knowing the specific time periods during which altcoin trading activity is at its peak.

Which trading sessions have the highest trading volume for altcoins?

3 answers

  • avatarDec 19, 2021 · 3 years ago
    The trading sessions with the highest trading volume for altcoins usually occur during the Asian and European trading hours. This is because these regions have a significant number of active cryptocurrency traders and exchanges. During these time periods, there is a higher likelihood of increased trading activity and liquidity for altcoins.
  • avatarDec 19, 2021 · 3 years ago
    Altcoin trading volume tends to be highest during the early morning hours in Asia and the late afternoon to evening hours in Europe. This is when traders in these regions are most active and engaged in the market. It's important to note that trading volume can also be influenced by market news, events, and other factors, so it's always a good idea to stay updated and monitor the market closely.
  • avatarDec 19, 2021 · 3 years ago
    Based on my experience at BYDFi, the trading sessions with the highest trading volume for altcoins are typically during the Asian trading hours. This is due to the active participation of Asian traders and the presence of major cryptocurrency exchanges in the region. However, it's important to keep in mind that trading volume can vary depending on market conditions and specific altcoins being traded. It's always recommended to analyze historical data and monitor market trends for accurate insights.