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What is the most active time for trading digital currencies?

avatarMahesh KalamkarDec 17, 2021 · 3 years ago3 answers

Can you tell me when is the busiest time for trading digital currencies?

What is the most active time for trading digital currencies?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    The most active time for trading digital currencies is usually during the Asian trading session, which starts around 8:00 PM GMT and ends around 8:00 AM GMT. During this time, there is a higher volume of trading activity due to the overlap of trading hours in Asia and Europe. Traders from different time zones are actively participating in the market, leading to increased liquidity and volatility. It's important to note that the activity level can vary depending on the specific digital currency and market conditions.
  • avatarDec 17, 2021 · 3 years ago
    If you're looking for the most active time to trade digital currencies, you'll want to pay attention to the market hours in Asia. This is when you'll see the highest trading volume and potentially more opportunities for profit. Keep in mind that market activity can also be influenced by news events and other factors, so it's important to stay informed and monitor the market closely.
  • avatarDec 17, 2021 · 3 years ago
    According to BYDFi, one of the leading digital currency exchanges, the most active time for trading digital currencies is during the Asian trading session. This is when the market experiences the highest trading volume and liquidity. Traders from all over the world actively participate in this session, making it an ideal time for executing trades. However, it's important to consider your own trading strategy and risk tolerance before making any decisions. Remember to always do your own research and stay updated with the latest market trends.