When during the day is Bitcoin at its lowest price?
scaredcatJan 14, 2022 · 3 years ago3 answers
Can you tell me at what time during the day Bitcoin usually reaches its lowest price? I'm interested in knowing the specific time when the price tends to drop the most.
3 answers
- Jan 14, 2022 · 3 years agoThe lowest price of Bitcoin during the day can vary depending on market conditions and trading activity. However, historically, Bitcoin has often reached its lowest price in the early morning hours, between 2 am and 4 am UTC. This is when trading volume tends to be lower and there is less market activity overall. Keep in mind that this is not a guarantee and Bitcoin's price can fluctuate at any time during the day.
- Jan 14, 2022 · 3 years agoBitcoin's lowest price during the day is usually observed during the Asian trading session, which occurs between 12 am and 8 am UTC. This is when the majority of Asian markets are active, and the price tends to be more volatile. However, it's important to note that Bitcoin's price can be influenced by various factors, and there is no fixed time when it always reaches its lowest point.
- Jan 14, 2022 · 3 years agoAccording to data from BYDFi, a digital currency exchange, Bitcoin's lowest price during the day is typically observed around 3 am UTC. This is when trading volume is relatively low, and there is less market activity. However, it's important to note that Bitcoin's price can be influenced by various factors, and it may not always follow a specific pattern.
Related Tags
Hot Questions
- 99
What is the future of blockchain technology?
- 87
What are the best practices for reporting cryptocurrency on my taxes?
- 72
Are there any special tax rules for crypto investors?
- 69
How does cryptocurrency affect my tax return?
- 59
How can I buy Bitcoin with a credit card?
- 59
How can I protect my digital assets from hackers?
- 58
What are the best digital currencies to invest in right now?
- 56
How can I minimize my tax liability when dealing with cryptocurrencies?