What is the impact of Eastern Standard Time on cryptocurrency trading?

3 answers

• Dec 16, 2021 · 3 years ago
  Eastern Standard Time (EST) plays a crucial role in cryptocurrency trading. As EST is the time zone followed by major financial centers like New York, it has a significant impact on the trading activities. During EST trading hours, there is usually higher trading volume and increased liquidity in the cryptocurrency markets. This is because many institutional investors and traders from the United States actively participate in the market during this time. The increased trading activity during EST can lead to higher price fluctuations and volatility in the cryptocurrency markets.
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• Dec 16, 2021 · 3 years ago
  The impact of Eastern Standard Time on cryptocurrency trading cannot be ignored. As EST overlaps with the trading hours of major exchanges like Coinbase and Binance, it creates a period of increased trading activity. This can result in higher price movements and increased market liquidity. Traders and investors who follow EST can take advantage of the increased trading volume and liquidity to execute their trades more efficiently. However, it's important to note that cryptocurrency markets are open 24/7, and trading activity can vary even outside of EST hours.
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• Dec 16, 2021 · 3 years ago
  From BYDFi's perspective, Eastern Standard Time (EST) has a notable impact on cryptocurrency trading. As BYDFi is a global cryptocurrency exchange, it experiences increased trading activity and liquidity during EST hours. This is because many traders and investors from the United States, where EST is followed, actively participate in the market during this time. The higher trading volume and liquidity during EST can create more opportunities for traders on BYDFi to execute their trades at favorable prices. However, it's important to consider that cryptocurrency markets are influenced by various factors, and trading decisions should not solely rely on EST hours.
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