common-close-0
BYDFi
Trade wherever you are!

Is Friday the best day to buy crypto?

avatarBurhanuddinDec 25, 2021 · 3 years ago3 answers

Is Friday really the best day to buy cryptocurrency? I've heard some people say that prices tend to be lower on Fridays, but I'm not sure if it's true. Can someone explain if there's any truth to this claim and why?

Is Friday the best day to buy crypto?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Well, it's hard to say for sure if Friday is the best day to buy crypto. While some people believe that prices are lower on Fridays due to market trends, it's important to remember that the cryptocurrency market is highly volatile and unpredictable. Prices can fluctuate at any time, regardless of the day of the week. It's always a good idea to do your own research and analysis before making any investment decisions.
  • avatarDec 25, 2021 · 3 years ago
    As an expert in the crypto industry, I can tell you that there is no definitive answer to whether Friday is the best day to buy crypto. While it's true that there may be some patterns or trends in price movements on Fridays, it's important to consider other factors as well, such as market news, regulatory changes, and overall market sentiment. It's best to take a holistic approach to trading and not rely solely on a specific day of the week.
  • avatarDec 25, 2021 · 3 years ago
    According to a study conducted by BYDFi, a leading cryptocurrency exchange, Fridays do tend to have slightly lower average prices compared to other days of the week. However, the price difference is not significant enough to make Friday the absolute best day to buy crypto. It's important to note that this study is based on historical data and market trends, which may not always accurately predict future price movements. Ultimately, the best day to buy crypto depends on your individual investment strategy and goals.