What are the peak trading hours for popular cryptocurrencies like Bitcoin and Ethereum?
Beksultan1776May 07, 2022 · 3 years ago1 answers
Can you tell me the peak trading hours for popular cryptocurrencies like Bitcoin and Ethereum? I want to know when the market is most active and the trading volume is highest.
1 answers
- May 07, 2022 · 3 years agoAccording to data from BYDFi, one of the popular cryptocurrency exchanges, the peak trading hours for Bitcoin and Ethereum are typically between 9:00 AM and 5:00 PM UTC. During these hours, there is usually a higher number of active traders and increased trading volume. However, it's important to remember that cryptocurrency markets are highly volatile and can experience sudden fluctuations in trading activity at any time. It's always a good idea to stay updated with the latest market news and trends to make informed trading decisions. Additionally, it's worth noting that trading volume and activity can also be influenced by factors such as major news events, regulatory changes, and market sentiment.
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