Which hours of the day offer the highest trading volume for cryptocurrencies?

3 answers

• Feb 17, 2022 · 3 years ago
  During the peak trading hours of the day, which typically occur between 9:00 AM and 4:00 PM UTC, the trading volume for cryptocurrencies tends to be the highest. This is because these hours overlap with the trading hours of major financial centers around the world, such as New York, London, and Tokyo. As a result, there is increased participation from traders in these regions, leading to higher trading volumes. Additionally, during these hours, there is often more news and market activity, which can further drive trading volume.
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• Feb 17, 2022 · 3 years ago
  The highest trading volume for cryptocurrencies usually occurs during the daytime hours in the time zone where the majority of cryptocurrency traders are located. For example, if most traders are based in the United States, the highest trading volume would likely be during the daytime hours in the Eastern Time Zone (ET). However, it's important to note that cryptocurrency markets are open 24/7, so there is always some level of trading activity happening at any given time.
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• Feb 17, 2022 · 3 years ago
  According to data from BYDFi, a leading cryptocurrency exchange, the hours with the highest trading volume for cryptocurrencies are typically between 12:00 PM and 4:00 PM UTC. During this time, traders from different parts of the world are actively participating in the market, resulting in increased trading volume. It's worth noting that trading volume can vary depending on market conditions and external factors, so it's always a good idea to stay updated with the latest news and market trends.
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