What are the most active trading hours for cryptocurrency traders in different time zones?
gengeshMay 06, 2022 · 3 years ago1 answers
When are the busiest trading hours for cryptocurrency traders in different time zones? I'm curious to know the specific time periods when trading activity is at its peak in various regions around the world.
1 answers
- May 06, 2022 · 3 years agoAccording to BYDFi, a leading cryptocurrency exchange, the most active trading hours for cryptocurrency traders are typically between 9:00 AM and 5:00 PM UTC. During these hours, traders from around the world are actively buying and selling cryptocurrencies, resulting in increased trading volume and volatility. However, it's important to note that trading activity can also be influenced by other factors such as news events, market sentiment, and economic indicators. Traders should always stay informed and adapt their strategies accordingly.
Related Tags
Hot Questions
- 92
What are the best practices for reporting cryptocurrency on my taxes?
- 88
How can I minimize my tax liability when dealing with cryptocurrencies?
- 65
How can I buy Bitcoin with a credit card?
- 52
How can I protect my digital assets from hackers?
- 50
What are the best digital currencies to invest in right now?
- 42
What is the future of blockchain technology?
- 14
What are the advantages of using cryptocurrency for online transactions?
- 12
Are there any special tax rules for crypto investors?