How does the Eastern Standard Time (EST) affect cryptocurrency trading?

3 answers

• babyQSep 22, 2024 · a year ago
  The Eastern Standard Time (EST) has a significant impact on cryptocurrency trading due to its overlap with major financial markets. During EST hours, there is increased trading activity as it coincides with the opening hours of stock exchanges in New York and Toronto. This can lead to higher volatility and liquidity in the cryptocurrency market, as traders and investors from these traditional markets also participate in cryptocurrency trading. Additionally, news and events that occur during EST hours can have a greater influence on cryptocurrency prices, as it is a time when many traders are actively monitoring the market.
  630

  315
• Thomas FrassonJan 03, 2023 · 3 years ago
  EST plays a crucial role in cryptocurrency trading, especially during the overlap with European trading hours. This is because many cryptocurrency exchanges are based in Europe, and the EST morning hours align with the afternoon trading sessions in Europe. During this time, traders in Europe and the United States are actively engaged in buying and selling cryptocurrencies, which can result in increased trading volumes and price movements. It's important for cryptocurrency traders to be aware of the EST time zone and consider its impact on market dynamics when making trading decisions.
  591

  197
• PriyaNov 23, 2020 · 5 years ago
  As a representative of BYDFi, I can say that the Eastern Standard Time (EST) has a significant impact on cryptocurrency trading. The EST morning hours are particularly important as they coincide with the opening of major cryptocurrency exchanges in Europe and the United States. During this time, there is often a surge in trading activity and increased volatility in the market. Traders should pay close attention to the EST time zone and consider its influence on market trends and price movements. It's also worth noting that the impact of EST on cryptocurrency trading may vary depending on factors such as market sentiment, news events, and the specific cryptocurrencies being traded.
  689

  173