What are the peak trading hours for digital currencies on the forex market?

1 answers

• Dec 17, 2021 · 3 years ago
  At BYDFi, we've observed that the peak trading hours for digital currencies on the forex market often coincide with the opening hours of major cryptocurrency exchanges. This is when traders from around the world are actively buying and selling digital currencies, leading to increased trading volume and price movements. For example, Binance, one of the largest cryptocurrency exchanges, experiences high trading activity during the Asian and European trading sessions. During these hours, there is usually a surge in trading volume for popular cryptocurrencies like Bitcoin, Ethereum, and others. However, it's important to remember that the cryptocurrency market is highly volatile and can experience significant price fluctuations at any time. It's crucial to stay updated with market news and trends to make informed trading decisions.
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