Knowing the crypto market hours is crucial for new traders. Crypto traders can make sure they can purchase and sell cryptocurrencies at the appropriate moments with this method.
Although cryptocurrency markets are available around-the-clock, some particular crypto assets could have different market hours. Even though bitcoin exchanges are available around-the-clock, different periods of the day may have more or less liquidity. Additionally, traders must be mindful of times when the trading volume on the digital currency markets is higher.
What time does crypto market reset?
The spot markets for cryptocurrencies are always open, unlike the trading stocks and bond markets, which normally trade from 8 p.m. to 5 p.m., depending on the location and different time zones. even on the weekends!
No matter what day of the week it is or what time of day, traders can connect to a decentralized exchange or a crypto exchange to trade digital currencies and tokens.
Trading often starts at the crypto reset time, which is between 8 and 9 a.m. and 4 p.m. We’ll go through why it’s crucial to pay attention to and keep in mind the crypto reset time in this article.
Trade during the global market open hours.
From Monday through Friday, the traditional stock markets are open for 8 to 9 hours.
Despite the fact that cryptocurrency trading is available around-the-clock, successful traders are aware that the majority of transactions take place when the world’s markets are most active.
Outside of regular worldwide market hours of the day, there may not be as much cryptocurrency liquidity, which results in bigger spreads and more difficulty entering and exiting large orders and positions.
The majority of cryptocurrency trading, according to a report by Copper, takes place throughout the week during international market hours. It’s interesting to note that according to the data, 35% of transactions take place on the weekends.
When is the most cryptocurrency traded?
The optimal time to trade bitcoins is a topic that professional traders have long argued about.
The peak period for cryptocurrency trading is between 3 and 4 PM UTC, according to statistics from on-chain analytics from Cointelegraph. By examining trade trends on the Coinbase and Binance exchanges in 2020, that conclusion was reached.
According to the research, for a period of 30 days, Coinbase saw trades worth an average of $6.5 million between 3 and 4 PM UTC. This period is equivalent to 10 to 11 AM EST.
What time of day is ideal for trading cryptocurrencies?
Generally speaking, the heaviest trading activity on the world market occurs at the right times to trade cryptocurrencies. This refers to the afternoon of European time when the US market opens.
Skew data, which shows that 10 am to 11 am Eastern Standard Time is the busiest time on Coinbase, a major international cryptocurrency exchange, supports this idea.
Read more: When is the best time to BUY crypto?
Read more: When is the right time to SELL crypto?
When does cryptocurrency experience the greatest volatility?
The study focused on four major crypto exchanges: Coinbase, Gemini, Kraken, and Binance. According to an analysis by Forbes, the most volatile periods for numerous cryptocurrencies pointed to Wednesday at 4 PM UTC.
Midday in the US is at 4 pm UTC, which is just past noon when there is a flurry of trade on the stock market.
When traders take into account that markets in the US, one of the main crypto trading centers, have yet to open up after the weekend, Monday 8 AM – 10 AM UTC is the least volatile time period.
Weekends are important.
The weekends are for US stock trades, not cryptocurrency traders. How therefore are we to evaluate the events that took place over the weekend?
Even on weekends, cryptocurrencies are traded.
We now often see bitcoin’s price increases of over 10% on weekends due to the influx of savvy investors, hedge funds, and algorithmic trading. Because there is less liquidity on weekends than during the crypto market trading hours on weekdays, a large buyer or seller can have a greater impact.
At the same given time, an increasing number of traders use their downtime on weekends to purchase and sell cryptocurrency.
Conclusion: Crypto Market Hours
Currently, there is a lot of high volatility in the cryptocurrency markets. Due to the high level of volatility they display, you should use caution when trading or investing in cryptocurrencies, and always keep a watch on the times at which they reset.
But since you can trade bitcoin 24 hours a day, 7 days a week, you won’t need to worry about market hours like you would if you were trading equities or bonds. Because of this, trading bitcoin is a desirable substitute for using traditional financial markets.
This article about crypto trading hours is intended to aid traders in understanding how the Bitcoin market operates in the crypto space.
Let me know if you have any questions below!
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