Is there a 'right time' to trade crypto? CoinDesk asked crypto metrics firms, market analysts and professional traders to help illuminate the mysteries around crypto trading and why time matters. Here's what they said:
, can change dramatically from one hour to the next, and so it’s especially important for beginners with small portfolios to pay attention to those prices because gas fees are responsive to network congestion rather than to the size of a trade.
“These days the early Asian session is so thin that we suspect some traders may be using it to manipulate the price,” he added. According to a Coin Metrics chart shared with CoinDesk, the correlation with the U.S. trading hours was most pronounced in the first quarter of 2022, suggesting a clear evolving trend.Crypto doesn’t rest on weekends, but the U.S. equity traders are asleep. So what to make of the weekend trading activity?
If bitcoin rises on a weekend, the expectation among traders is often that the market would move down over the week, Clark explained. “‘Never trust the weekend’ is a good thing to remind yourself.”There’s a great deal of trading activity in DeFi, where traders can tinker with tokens that haven’t been listed by centralized exchanges. But when’s the best time to trade on DeFi, particularly ethereum?Transactions on Ethereum cost gas fees, which go up or down in price depending on network use.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New Altcoins Severely Underperforming BitcoinAccording to Jump Trading data, the crypto king continues to rule the roost despite losing its speculative luster
Read more »
Solving the ‘Sunrise Issue’ is the key to unlocking crypto mass adoptionRegulation is here, and it's growing, and despite what many think, compliance with these regulations protects against malicious intent, argues josephweinberg, co-founder of shyftnetwork.
Read more »
NFL DRAFT, DAY 2: Live updates of the local stars and Houston Texans’ getting picked in the 2022 NFL DraftTEXANS GO ALABAMA, AGAIN🏈: Texans draft ‘Bama linebacker Christian Harris with 75th pick
Read more »
Crypto Biz: If you think crypto is bearish, you’re not paying attention, April 21–27, 2022Looking at the charts you might think nothing but bearish thoughts, but if you look elsewhere, like where venture capital is allocating, you'd see nothing but green.
Read more »
What is next for New York’s crypto mining moratorium bill?The New York Assembly just passed a controversial moratorium on certain kinds of crypto mining. Here's what could happen next.
Read more »
2 key metrics point toward further downside for the entire crypto marketApeCoin, $STEPN and $NEXO performed well this week, but noshitcoins says two key metrics suggest that the majority of cryptocurrencies are destined for further downside.
Read more »