Are there specific hours or days that are better for trading cryptocurrencies?

3 answers

• Mccarthy SteenDec 09, 2024 · a year ago
  There is no definitive answer to this question as cryptocurrency markets operate 24/7. However, it is generally believed that the market is more active and volatile during weekdays, especially during the overlap of trading hours in different time zones. This is when traders from around the world are actively participating in the market, leading to increased trading volume and price fluctuations.
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• Ayah SaadNov 03, 2024 · a year ago
  In my experience, I have found that early mornings and late evenings (in UTC time) tend to have higher trading activity for cryptocurrencies. This is likely due to the fact that it coincides with the opening and closing of traditional financial markets in different regions. However, it's important to note that market conditions can vary and it's always a good idea to stay updated with the latest news and market trends.
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• mechricsonNov 17, 2024 · a year ago
  According to a study conducted by BYDFi, a digital currency exchange, the highest trading volume for cryptocurrencies typically occurs between 8:00 AM and 4:00 PM UTC. During this time, traders are actively buying and selling cryptocurrencies, resulting in increased liquidity and potentially better trading opportunities. However, it's important to remember that market conditions can change rapidly, and it's always recommended to do your own research and analysis before making any trading decisions.
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