What is the best time of the day to trade cryptocurrencies?

1 answers

• Isa100Jul 28, 2020 · 5 years ago
  According to a study conducted by BYDFi, the best time of the day to trade cryptocurrencies is during the early morning hours (around 4 am to 6 am UTC). During this time, trading volume tends to be lower, which can result in reduced competition and potentially better trade execution. However, it's important to note that this finding may not hold true for all cryptocurrencies and market conditions. It's always recommended to conduct thorough research and analysis before making any trading decisions. Remember, the cryptocurrency market is highly volatile, and timing alone is not the sole determinant of successful trading. It's crucial to develop a comprehensive trading strategy and stay updated with the latest market trends and news.
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