Skip to main content

When is the best time to buy cryptocurrency?

When is the best time to buy cryptocurrency?

It's important to remember that, unlike traditional stock markets, the cryptocurrency market is open 24 hours a day, 7 days a week. Bitcoin can be bought at any time and from anywhere by anyone with an internet connection.

A study found that the best days to buy Bitcoin are Sundays and Mondays, when the price of the cryptocurrency is the lowest.

The best time to buy BTC is Sunday evening because trading on all cryptocurrency exchanges tends to slow down over the weekend. The big US derivatives company CME Group takes the weekend off. Every day, institutional investors trade more than $500 million worth of bitcoin, which is a big chunk of bitcoin's total volume around the world.

When should you buy crypto?

Since crypto trades all day, even into the early morning hours (no matter where you live), it can be hard to time your trades to a certain time of day. But if you look at data from a few months, you can see a few very broad trends.

Trading for Bitcoin (CRYPTO: BTC), Ether (CRYPTO: ETH), Binance (CRYPTO: BNB), Solana (CRYPTO: SOL), and Cardano (CRYPTO: ADA) tends to go up and down at about the same time. This makes it easy to compare the best times to buy the cryptocurrencies with the biggest market capitalizations.

.net/YwotbKdP4sVunJGfdhmgww/e8f260a6-84bf-4222-a093-e1ef14e44c00/

The best time to buy these popular cryptocurrencies in the United States was usually in the afternoon, according to data from the 90 days before September 7, 2022. Shiba Inu (CRYPTO: SHIB) and Dogecoin, which aren't as "serious" as Bitcoin and Ether, followed the same patterns as Bitcoin and Ether (CRYPTO: DOGE).

Conclusion

Since cryptocurrency is traded around the world 24 hours a day, there is no clear time to buy it.

Buying small amounts of crypto over a long period of time is the best way to invest in it. This is called "dollar-cost averaging." Even if you invest at times when prices aren't very low, you will find other times when they are, and things may even out.

Labels:

Comments

Post a Comment

Popular posts from this blog

China's CBDC wallet turns to centuries-old customs to increase adoption

The digital yuan wallet app has been updated to include a traditional Chinese method of gifting money that has gone digital with the growth of digital payments. In an effort to draw in more users, China's wallet app for its digital yuan central bank digital currency (CBDC) added a feature that allows users to send money in an electronic equivalent of traditional "red packets." According to a Dec. 26 article in the South China Morning Post, the new feature was released over the weekend, about one month before the Chinese New Year on Jan. 22. The "red packets," also known as hongbao in China, are customarily used for giving money as a sign of good fortune during Chinese New Year celebrations and other occasions. Popular local services like WeChat Pay and Alipay now offer virtual red envelopes as a result of the growing use of digital payments. The e-CNY app reportedly allows a red packet to be sent to just one recipient, or a "lucky draw" can be set up f...
Post a Comment
Read more

The Advantages Of Higher Monthly Payments

In today's financial landscape, optimizing your finances is essential for securing a stable and prosperous future. At Finance Spiders, we understand the importance of making informed financial decisions, and one strategy that can greatly benefit your financial health is increasing your monthly payments. In this comprehensive guide, we delve into the myriad advantages of boosting your monthly payments, ensuring that you have all the information you need to make this smart financial move. Discover the benefits of  Higher Monthly Payments  with Finance Spiders today! Additionally, if you're wondering,  Personal loan can be taken for how many years?  We can guide that too. Explore the world of Higher Monthly Payments and get answers to your financial questions with Finance Spiders today! Understanding The Power Of Increased Monthly Payments Before we explore the advantages, let's clarify what increasing monthly payments entails. When you make financial commitments, such ...
Post a Comment
Read more