When Is the Best Time of Day to Buy Cryptocurrency?

 

According to one study, the cryptocurrency price of Bitcoin is lowest on Sundays and Mondays, making them the best days to acquire it.

It's worth noting that, unlike traditional stock exchanges, the cryptocurrency market is open 24 hours a day, seven days a week. Anyone with an internet connection can purchase Bitcoin at any time and from any location.

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

Because trading volumes on all cryptocurrency exchanges tend to dip over the weekend, Sunday evening is the best time to buy BTC. CME Group, the world's largest derivatives exchange, is closed for the weekend. Every day, institutional investors trade about $500 million in bitcoin, accounting for a sizable portion of the global turnover.

When Should You Buy Cryptocurrency?

Because crypto trades all day, even into the early morning hours (regardless of where you reside), it can be difficult to schedule your trades. However, if you look at data from the previous several months, you can identify a few fairly general tendencies.

Bitcoin (CRYPTO: BTC), Ether (CRYPTO: ETH), Binance (CRYPTO: BNB), Solana (CRYPTO: SOL), and Cardano (CRYPTO: ADA) trading activity tends to surge and dip at roughly the same time. This makes comparing the ideal times to acquire the cryptocurrencies with the greatest market capitalizations a breeze.

According to statistics from the 90 days preceding September 7, 2022, the best time to purchase these popular cryptocurrencies in the United States was typically in the afternoon. Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE), which aren't as "serious" as Bitcoin and Ether, followed the similar tendencies (CRYPTO: DOGE).

Conclusion

There is no set time to buy cryptocurrency because traders all over the world trade it 24 hours a day.

The easiest method to invest in cryptocurrency is to acquire little amounts over time. This is known as dollar-cost averaging; even if you invest at periods when interest rates are not extremely low, you will discover other times when they are, and things will eventually even out.

The cryptocurrency market fluctuates in many different ways depending on the coin you purchase. Another pattern that can be used for token trading. If you want to buy cryptocurrency at the proper time, you should thoroughly research the history of various forms of investments.

However, never invest more money in a cryptocurrency than you can afford to lose. They are not guaranteed winners or safe asset classes, especially if their value falls. Some people have made a lot of money by buying at the appropriate time, but this is usually due to luck rather than being wise about when to buy.