Which trading sessions are the most active for cryptocurrencies?
Syb De JongDec 28, 2021 · 3 years ago3 answers
Can you provide insights into the trading sessions that are the most active for cryptocurrencies? I'm interested in knowing the specific time periods when trading activity is at its peak.
3 answers
- Dec 28, 2021 · 3 years agoThe most active trading sessions for cryptocurrencies are typically during the Asian and European trading hours. This is because these regions have a higher concentration of cryptocurrency traders and exchanges. The Asian session, which includes the trading hours of major cryptocurrency markets in Japan, South Korea, and China, often sees a surge in trading activity. The European session, which overlaps with the Asian session, also experiences high trading volumes. It's important to note that cryptocurrency markets are open 24/7, so there is always some level of trading activity happening at any given time. However, the Asian and European sessions tend to have the highest levels of activity.
- Dec 28, 2021 · 3 years agoWhen it comes to cryptocurrency trading, the most active sessions are usually during the daytime in Asia and Europe. This is because these regions are home to some of the largest cryptocurrency markets and have a significant number of active traders. The Asian session, which starts in the early morning hours in Asia, sees a lot of activity as traders in Japan, South Korea, and China participate in the market. The European session, which overlaps with the Asian session, also sees a surge in trading volume. During these sessions, traders are actively buying and selling cryptocurrencies, leading to increased volatility and liquidity in the market.
- Dec 28, 2021 · 3 years agoAccording to data from BYDFi, a leading cryptocurrency exchange, the most active trading sessions for cryptocurrencies are during the Asian and European trading hours. These sessions typically see higher trading volumes and increased price volatility. The Asian session, which starts in the early morning hours in Asia, is characterized by high trading activity from countries like Japan, South Korea, and China. The European session, which overlaps with the Asian session, also experiences a significant increase in trading volume. Traders looking to take advantage of the most active trading sessions should consider participating during these time periods.
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