Prices are lower when the market is less busy. Although you can trade cryptocurrencies at any time of day, the market is more active during typical work hours and less active early in the morning, at night, and on the weekends. Generally, cryptocurrency prices start low on Monday and rise throughout the week.
Best Time of Day to Buy Bitcoin
On average, the best time to buy Bitcoin is from 3 pm to 4 pm. If you're a night owl, you can also get a good deal from 11 pm to midnight. During those times, the value of Bitcoin is the lowest, which means you don't have to pay as much cash.
The best day of the week to buy cryptocurrency is Monday when prices are the lowest. Sunday is the next best day of the week overall. After that, prices rise with Friday being the most expensive day to buy cryptocurrency.
Cryptocurrency trades non-stop, 24 hours per day, 365 days per year. The crypto markets never close, which means traders and investors can always execute crypto transactions.
Most crypto currencies (LiteCoin, Ripple, Dash) are found not to exhibit this anomaly. The only exception is BitCoin, for which returns on Mondays are significantly higher than those on the other days of the week.
Prices are lower when the market is less busy. Although you can trade cryptocurrencies at any time of day, the market is more active during typical work hours and less active early in the morning, at night, and on the weekends. Generally, cryptocurrency prices start low on Monday and rise throughout the week.
Cryptocurrencies are most commonly traded between 8am to 4pm in local time. While the crypto market is 24/7, your trades are more likely to be executed when there is the highest level of activity. Outside of these hours, when trading is lighter, it can be more difficult to open and close trades.
A market's peak trading hours is typically 8 a.m. to 4 p.m. in its local time. These are the trading hours that usually drive the highest trade volume in each region. Although a market can be "closed," there might be huge movements in the global market depending on news and speculations.
Market time converter
A market's peak trading hours is typically 8 a.m. to 4 p.m. in its local time. These are the trading hours that usually drive the highest trade volume in each region. Although a market can be “closed,” there might be huge movements in the global market depending on news and speculations.
Around 82% of the weekends have seen a minimum of 3% move in either direction in bitcoin prices. Around 60% of the weekends have had a 5% or higher price move over a weekend since December of last year.
Most crypto currencies (LiteCoin, Ripple, Dash) are found not to exhibit this anomaly. The only exception is BitCoin, for which returns on Mondays are significantly higher than those on the other days of the week.
What time are crypto prices the lowest? On average, the best time to buy Bitcoin is from 3 pm to 4 pm. If you're a night owl, you can also get a good deal from 11 pm to midnight. During those times, the value of Bitcoin is the lowest, which means you don't have to pay as much cash.
On weekdays, ETH gas price is lowest from midnight to 4 AM (EST)—when most of America is asleep, Europe is just about to start their day, and Asia is finishing up their workday.
One of the key factors that can cause prices to crash on weekends is trading on margin. Margin trading is a type of trading where traders borrow money from a broker to trade crypto. This money is then collateral for the trade. When prices fall, traders who are on long trades will sell more assets to pay back the money.
Cryptocurrencies like Bitcoin can experience daily (or even hourly) price volatility. As with any kind of investment, volatility may cause uncertainty, fear of missing out, or fear of participating at all. When prices are fluctuating, how do you know when to buy? In an ideal world, it's simple: buy low, sell high.
The most popular crypto chart is the Japanese candlestick chart. Each candle on a candlestick chart shows the price movement of the asset during a specific time interval.
The goal is to buy when the price of the crypto is low, ideally near the bottom. Then, wait for the next bull market, when market sentiment is high, investors are buying, and prices are increasing. At any time the price of crypto is higher than what you paid, you can sell for a profit.
The peak of growth is the range between 19:00-22:00 UTC, which hints us that either Alaska, that wakes up in this hours, is in fact impacting the cryptocurrency market way more than we thought, or that we should look for the answer elsewhere.
Is Monday good for crypto? Cryptocurrencies are most active during the work week, with prices starting low on Monday morning and steadily rising until they drop over the weekend.
On weekdays, ETH gas price is lowest from 9:30 AM to 1:30 PM (IST)—when most of America is asleep, Europe is just about to start its day. The best time to make an ETH transaction is on a Sunday from 6 AM to 8 AM (IST)—that's when ETH gas prices are at their lowest.
ETH is cheapest on Saturdays and Sundays from 6 AM to 7 AM (UTC) – that's when you should make an ETH transaction. However, the worst times for the network are Tuesdays and Thursdays when network traffic is at its peak and gas fee is most expensive.
How do crypto traders sleep at night? Not very well, apparently. According to research by The Sleep Judge, traders are kept often kept awake at night due to stresses about market crashes; learning more about investments; worrying about the disappearances of cryptocurrency; and general FOMO.
The crypto market is down today as Bitcoin and altcoins fall with U.S. stocks in a retreat from highs around the CPI print and FOMC moves on inflation.
The researchers found that the average lowest price for Bitcoin was at 6 am UTC time on Fridays. This means that this is on average, is the best time to take a position, in a long trade.
On weekdays, ETH gas price is lowest from 9:30 AM to 1:30 PM (IST)—when most of America is asleep, Europe is just about to start its day. The best time to make an ETH transaction is on a Sunday from 6 AM to 8 AM (IST)—that's when ETH gas prices are at their lowest.