Why is it important to consider Asian market hours in EST when trading cryptocurrencies?

3 answers

• Dec 25, 2021 · 3 years ago
  Considering Asian market hours in EST when trading cryptocurrencies is important because it allows traders to take advantage of the increased trading volume and volatility during these hours. The Asian market, particularly in countries like Japan and South Korea, is known for its active participation in the cryptocurrency market. By aligning your trading activities with Asian market hours in EST, you can potentially capitalize on price movements and market trends that occur during this time. This can lead to more profitable trading opportunities.
  552276
• Dec 25, 2021 · 3 years ago
  When it comes to trading cryptocurrencies, timing is everything. The Asian market hours, which fall during the night in EST, can significantly impact the price and liquidity of cryptocurrencies. This is because many major cryptocurrency exchanges are based in Asia and cater to a large number of Asian traders. By considering Asian market hours in EST, you can ensure that you are trading when the market is most active and liquid, increasing the chances of executing trades at favorable prices.
  495165
• Dec 25, 2021 · 3 years ago
  As an expert in the cryptocurrency industry, I can tell you that considering Asian market hours in EST is crucial for successful trading. At BYDFi, we highly recommend aligning your trading activities with Asian market hours to maximize your profit potential. The Asian market, especially during its peak hours, often sets the tone for the global cryptocurrency market. By staying informed about the market trends and price movements during these hours, you can make more informed trading decisions and stay ahead of the curve.
  527132