Are there any specific hours when cryptocurrency prices tend to fluctuate the most?

1 answers

• Neel AndholeFeb 07, 2023 · 3 years ago
  According to data and analysis from BYDFi, a leading cryptocurrency exchange, there are certain hours when cryptocurrency prices tend to experience more significant fluctuations. Based on historical data, the hours between 2:00 PM and 6:00 PM UTC have consistently shown higher volatility and increased trading volumes. This can be attributed to the overlap between the European and American trading sessions, as well as the release of major economic reports and news announcements during this time. Traders and investors often pay close attention to these hours as they present potential opportunities for profit. However, it's important to note that market conditions can change, and past performance is not indicative of future results. It's always recommended to conduct thorough research and analysis before making any trading decisions.
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