Cryptocurrency Market Hours | What Time of Day are Cryptos Most Traded? | FOREX.com (2024)

FAQs

What time of day is most crypto traded? ›

What time of day is crypto most traded? Cryptocurrencies are most commonly traded between 8am to 4pm in local time. While the crypto market is 24/7, your trades are more likely to be executed when there is the highest level of activity.

Most Active Crypto Trading Times

It has been suggested that the best time to trade cryptocurrencies is from 8am to 4pm.

The volatility of Bitcoin makes it possible to earn a large amount of money very quickly. According to experienced analysts, trading is best between midnight and 1 p.m. during the UTC zone. During this time, you are advised to open intraday transactions.

In general, 16:00 UTC is the most volatile time period. For BitMEX, withdrawals happen only once during the day, at UTC 13:00.

Prices are lower when the market is less busy. Although you can trade cryptocurrencies at any time of day, the market is more active during typical work hours and less active early in the morning, at night, and on the weekends. Generally, cryptocurrency prices start low on Monday and rise throughout the week.

Cryptocurrency trading continues non-stop on a 24/7 basis across the various exchanges spread all over the planet.

Best time of the week to buy cryptocurrency

Based on the same data used to determine the best time of day to buy crypto, the best day of the week to buy crypto seems to be Tuesday, followed closely by Thursday and Saturday.

We believe the next cryptocurrency to explode is D2T, as it has an extremely strong real-world use case and investors are already showing interest in its presale. RobotEra and IMPT - which has its IEO on Uniswap on December 14, 2022 - are two other exciting projects.

Data analysts at Longhash found that Bitcoin's price action fluctuates most from midnight to 1 a.m. UTC.

The digital currency market is a 24/7, 365-day market. However, trading activity tends to be lower on weekends and public holidays. This means that there is less demand for digital currencies, which can lead to prices falling.

What time does crypto spike? ›

The peak of growth is the range between 19:00-22:00 UTC, which hints us that either Alaska, that wakes up in this hours, is in fact impacting the cryptocurrency market way more than we thought, or that we should look for the answer elsewhere.

Over the past year, the crypto winter has wiped out about $2 trillion of value in market capitalizations from the broader cryptocurrency market since its peak in November 2021.

The easiest way to identify a pump and dump scheme is when an unknown coin suddenly rises substantially without a real reason to do so. This can be easily viewed on a coin's price chart. Coincheckup, for example, has set a benchmark of a 5% price increase in less than five minutes as its indicator.

Most analysts believe that Shiba Inu could rebound in 2023 alongside the rest of the cryptocurrency market. If this happens, most analysts expect Shiba Inu to trade at an average price of $0.00004 in 2023. In the long term, analysts expect Shiba Inu to hit a high of $0.01 in 2025 if there is another major rally.

What is the price prediction for Solana in 2022? The price of Solana is expected to reach a maximum price of $25.61 in 2022.

The combination of supply, demand, production costs, competition, regulatory developments, and the media coverage that follows influences investor outlook, which is one of the most significant factors affecting cryptocurrency prices.

It isn't investment advice, it's simply market analysis. The researchers also found that on average, on Mondays & Tuesdays around midnight UTC, the Bitcoin price averaged 170 dollars higher than on Fridays.

The goal is to buy when the price of the crypto is low, ideally near the bottom. Then, wait for the next bull market, when market sentiment is high, investors are buying, and prices are increasing. At any time the price of crypto is higher than what you paid, you can sell for a profit.

Since institutional investors and corporations comprise the largest share of crypto investors, weekend trading is best avoided since they fall outside of business hours (volume obviously drops as a result).

At what time of a day Bitcoin is more volatile? ›

The Bitcoin market exhibits noticeably higher trading volume and volatility during hours that coincide with the daytime trading hours of European and US stock exchanges.

What are the trading hours for bitcoin? As with other cryptocurrencies, the bitcoin market is open 24/7. That's because bitcoin and other cryptocurrencies operate on a decentralised computer network.