What time does the crypto market typically experience the highest trading volume?
MOHAMMED MARKIKDec 16, 2021 · 3 years ago3 answers
Can you tell me at what time the cryptocurrency market usually sees the highest trading volume? I'm interested in knowing the specific time period when trading activity is at its peak.
3 answers
- Dec 16, 2021 · 3 years agoThe crypto market typically experiences the highest trading volume during the early hours of the morning, between 2 AM and 4 AM UTC. This is when traders from different time zones are active, and there is a higher likelihood of increased trading activity. It's important to note that this can vary depending on the specific cryptocurrency and market conditions.
- Dec 16, 2021 · 3 years agoThe highest trading volume in the crypto market usually occurs during the Asian trading session, which starts around 12 AM UTC and lasts until 8 AM UTC. This is when major Asian markets, such as Japan and South Korea, are active and contribute significantly to the overall trading volume. However, it's worth mentioning that the crypto market operates 24/7, and trading volume can fluctuate throughout the day.
- Dec 16, 2021 · 3 years agoAccording to a study conducted by BYDFi, a leading cryptocurrency exchange, the peak trading volume in the crypto market is observed between 3 AM and 5 AM UTC. During this time, traders are actively participating in the market, resulting in increased liquidity and trading volume. However, it's important to remember that trading volume can be influenced by various factors, such as news events, market sentiment, and the introduction of new cryptocurrencies.
Related Tags
Hot Questions
- 94
How can I buy Bitcoin with a credit card?
- 77
What are the advantages of using cryptocurrency for online transactions?
- 67
How can I protect my digital assets from hackers?
- 59
How can I minimize my tax liability when dealing with cryptocurrencies?
- 58
What are the best digital currencies to invest in right now?
- 54
What are the best practices for reporting cryptocurrency on my taxes?
- 45
How does cryptocurrency affect my tax return?
- 43
Are there any special tax rules for crypto investors?