When Is the Best Time of Day to Invest in Cryptocurrencies?

Keep in mind that the bitcoin market operates around the clock, seven days a week, unlike the regular stock market. Bitcoin may be purchased around the clock, across the world, by anybody with access to the internet.

A recent study indicated that the best days to purchase Bitcoin are Sundays and Mondays, when the price of the cryptocurrency is at its lowest.

With trading volumes decreasing across the board on Sunday evenings, now is the time to buy Bitcoin. The CME Group, a major US derivatives exchange, closes down on weekends. Institutional investors account for a sizable portion of Bitcoin's daily volume, which exceeds $500 million.

What Time Is Best To Invest In Cryptocurrency?

It can be challenging to time your trades to a specific time of day in the cryptocurrency market because of the 24-hour nature of the market and the fact that it continues to trade even into the early morning hours (regardless of your time zone). The statistics from a few months, though, do reveal some broad patterns.

Cryptocurrency markets tend to rise and fall in lockstep, with Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), Binance (CRYPTO: BNB), Solana (CRYPTO: SOL), and Cardano (CRYPTO: ADA) all being very liquid. This allows for convenient comparison of the optimal periods to invest in the top ten cryptocurrencies by market size.

According to analysis of market activity in the United States for the 90 days prior to September 7, 2022, the optimal time to purchase these prominent cryptocurrencies was on weekday afternoons. Even less "serious" cryptocurrencies like Shiba Inu (CRYPTO: SHIB) and Dogecoin (DOGE) followed the same patterns as Bitcoin and Ether (CRYPTO: DOGE).

Conclusion

Since bitcoin is traded around the clock by investors from all over the world, there is no best time to invest.

The ideal strategy for investing in cryptocurrency is to purchase a small amount frequently over a long time frame. Using dollar-cost averaging, you can spread out your investments over time in the hopes that they will eventually be profitable.

Each coin's price rises and falls in its own unique way on the cryptocurrency market. Yet another template for exchanging tokens. Looking back at the performance of other asset classes can help you choose the best moment to invest in cryptocurrency.

Nevertheless, you should not invest more money into a cryptocurrency than you can afford to lose. In the event of a decline in value, they are not a reliable investment option. True, some people have gotten lucky and made a lot of money by purchasing at just the right time, but this is more often the result of chance than any particular insight or skill.

Comments

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