How does the time difference between the UK and the US affect cryptocurrency trading at 8am?

3 answers

• Stein Wilson WilsonXMJul 15, 2021 · 4 years ago
  The time difference between the UK and the US can have significant effects on cryptocurrency trading at 8am. As the UK is 5 hours ahead of the US Eastern Time Zone, it means that when it's 8am in the UK, it's still 3am in New York. This time difference can lead to lower trading volumes and liquidity during the UK morning hours, as many US traders are still asleep. However, it can also present opportunities for UK-based traders who are early risers and can take advantage of potential price movements before the US market opens.
  531

  266
• Morse MirandaDec 14, 2021 · 4 years ago
  The time difference between the UK and the US has a direct impact on cryptocurrency trading at 8am. With the UK being ahead of the US in time zones, it means that the UK market has already been open for a few hours when it's 8am in the US. This can result in increased volatility and trading activity during this time, as UK traders react to news and events that occurred during their trading session. US traders, on the other hand, may need to catch up on what happened overnight in the UK market before making their trading decisions.
  536

  179
• ShelbySep 26, 2021 · 4 years ago
  The time difference between the UK and the US plays a crucial role in cryptocurrency trading at 8am. While the UK market opens earlier than the US market, it doesn't necessarily mean that there will be a significant impact on trading at this specific time. The cryptocurrency market operates 24/7, and trading volumes can vary depending on various factors such as market sentiment, news events, and overall market conditions. It's important for traders to consider the global nature of the cryptocurrency market and not solely focus on the time difference between the UK and the US.
  582

  146