Cryptocurrency Q&A
When is the most active time for cryptocurrency?
When is the most active time for cryptocurrency?
KpopStarlet
Mon Jul 08 2024
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7 answers
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I'm curious to know, when does cryptocurrency trading typically reach its peak activity? Is there a specific time of day, week, or even month that sees the highest volume of trades? Understanding these patterns could help investors make more informed decisions about when to buy or sell. I've noticed some days are busier than others, but I'm wondering if there's a consistent trend or if it varies depending on market conditions and events. What's the most active time for cryptocurrency, and why?
7 answers
KimonoGlory
Wed Jul 10 2024
Cryptocurrency markets exhibit unique patterns of activity due to their global nature.
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LitecoinLodestar
Wed Jul 10 2024
A key indicator of this is the time when major markets open and close.
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KimchiQueenCharmingKiss
Wed Jul 10 2024
For instance, when the US market opens in the afternoon of European time, the cryptocurrency market tends to become more active.
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EthereumEagleGuard
Tue Jul 09 2024
Data from Skew, a financial analytics firm, supports this observation.
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SumoPride
Tue Jul 09 2024
Their research found that between 10 AM and 11 AM Eastern Standard Time, Coinbase, a leading global crypto exchange, experiences the highest level of trading activity.
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