The Best Time to Trade Cryptocurrency

September 23, 2022
Knowledge Center » Blog » The Best Time to Trade Cryptocurrency

The cryptocurrency market is a 24/7/365 market. This can make it difficult to know when the best time to trade is. When is the market most active? When is there the most volume being traded? When are prices the most volatile? These are all important factors to consider when trying to time your trades.

In this blog post, we will attempt to answer these questions so that you can make informed decisions about when to trade cryptocurrency.

The cryptocurrency market is a 24/7/365 market. This can make it difficult to know when the best time to trade is. When is the market most active? When is there the most volume being traded? When are prices the most volatile? These are all important factors to consider when trying to time your trades.

In this blog post, we will attempt to answer these questions so that you can make informed decisions about when to trade cryptocurrency.

Generally, the most active times for trading are during daylight hours in North America and Europe. Most exchanges are located in these regions, making them the natural centers of activity for trading. That said, because cryptocurrency markets never close, there is always some level of activity taking place around the world at any given time.

Volume is important because it tells us how much of a particular coin or token is being traded. The more volume traded, the more liquidity there is in the market. This is important because it allows us to get in and out of trades more easily and with less slippage (price movement due to lack of liquidity). Generally speaking, weekends tend to have lower volume than weekdays as many people are away from their computers and not trading. However, with cryptocurrency markets, there is often still enough activity taking place that we can get good trades executed even on weekends.

Volatility is something that all traders need to be aware of and account for in their strategies. A high degree of volatility means that prices can move sharply up or down over a short period of time which can result in big profits or losses. Many traders view volatility as a friend because it provides opportunities for profits, but it must be respected lest it results in losses. In general, prices are more volatile during weekday mornings in North America as this tends to be when institutional investors are buying or selling large amounts of crypto.

In conclusion, the best time to trade cryptocurrency depends on what you're looking for. If you're looking for high activity, then daytime hours on weekdays in North America or Europe are generally your best bet. If you're looking for low fees and high liquidity, then weekends might be a better choice as trading activity slows down but there's still enough going on that you can get good trades executed. And if you're looking for an opportunity due to high volatility, weekday mornings tend to be when institutional investors are buying or selling large amounts of crypto which can lead to big price swings up or down. As always, do your own research and test out different times and days before committing any real money as what works for one person might not work for another.

About Jacques Potts

Jacques is Sr. Marketing Manager at Ledgible and an experienced financial author, marketer, and crypto expert. His work has been featured on The Street, Project Serum, FirstTrade, and Investr.

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