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Best Time of the Day to Buy Cryptocurrency

One of the perks of trading cryptocurrency is that you can buy it whenever you want. But many investors buy and sell cryptocurrencies during the same hours that the New York Stock Exchange (“NYSE”) is open. But since you can buy and sell crypto at all hours of the day, you’ll need to know which hours are better for buying cryptocurrency.

Through analyzing months of data, you’ll begin to notice daily trends. Paying attention to cryptocurrencies with higher market capitalizations like Bitcoin, Ether, and Solana can also help newer investors determine better times of day to trade since cryptocurrency prices tend to rise and fall together.

Experts say the best time of day to buy cryptocurrency is early in the morning before the NYSE opens since values tend to rise as the day goes on. Be sure to pay attention to slight daily fluctuations across different cryptocurrencies since trends will vary from coin to coin.

Best Time of the Week to Buy Cryptocurrency

Now that you’re getting used to setting your alarm bright and early to watch cryptocurrency trends, you may begin to notice longer patterns from week to 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. When the weekend hits, prices tend to drop until market activity begins the following Monday. Since prices are likely to be at their lowest point following a weekend of low trading activity, Monday is the best time of the week to buy cryptocurrency.

Best Time of the Month to Buy Cryptocurrency

Pricing trends carry on as weeks turn into months, and new trading patterns emerge that raise and lower the price of various cryptocurrencies over time. Since crypto trends are constantly in flux, deciding the best time of the month to buy cryptocurrency will require patience as you get to know the pricing trends of your favorite coins.

For now, the best time to buy cryptocurrency is toward the end of the month. Cryptocurrency prices tend to rise in the first weeks of the month before they collapse and continue to trend downward through the end of the month.

It’s worth reiterating again that cryptocurrencies are notorious for their volatility, which means patterns and trends that are true one month can vary widely the next. It takes time and diligence to learn how to follow cryptocurrency values and market fluctuations.