What is the Trading Time For Cryptocurrency?
The first question you may be asking yourself is, “What is the best time to buy or sell crypto?” As it turns out, the most profitable time to purchase crypto is on a Thursday, when market activity is at its highest. This is because six out of eight weeks have seen a dip on Thursday. The second best day to buy is on Monday, followed by Friday and Saturday. The last two days are a great time to sell or buy cryptocurrency, but there are risks associated with them.
There are two types of markets: global and local. Usually, the biggest volumes are traded during peak trading hours, which are between 8am and 4pm local time. These peak trading hours also tend to be the busiest times for crypto traders. While the trading hours for each region are generally the same, there are some major fluctuations in global markets due to market closures. In addition, cryptocurrency markets have strict trading hours.
Another common mistake is to trade too early or too late. While there are some general trends to look for in the market, cryptocurrency price fluctuations occur at all times. While this makes it difficult to predict the precise time to buy, it’s possible to capitalize on the volatility by buying at the right time. For example, if you’re a new investor, the best time to buy is right before you plan to invest.