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Bitcoin

What hours are bitcoin traded?

Bitcoin, the world’s first and largest cryptocurrency, is traded around the clock, 24 hours a day, seven days a week, 365 days a year, across different time zones and trading platforms. This means that you can buy or sell bitcoin at any time of the day or night, regardless of your location, as long as…

Bitcoin, the world’s first and largest cryptocurrency, is traded around the clock, 24 hours a day, seven days a week, 365 days a year, across different time zones and trading platforms. This means that you can buy or sell bitcoin at any time of the day or night, regardless of your location, as long as there is an active market for it.

Bitcoin is a decentralized digital currency that operates on a peer-to-peer network, where transactions are verified and recorded on a public ledger known as the blockchain. It was created in 2009 by an unknown person or group of people using the pseudonym Satoshi Nakamoto. Since then, it has grown in popularity and acceptance, with a market capitalization of over $1 trillion as of September 2021.

Bitcoin trading hours vary depending on the exchange or trading platform you use, as well as your location and time zone. Some exchanges operate 24/7, while others have specific trading hours that correspond to the opening and closing times of traditional financial markets, such as the New York Stock Exchange (NYSE) or the London Stock Exchange (LSE).

In general, bitcoin trading hours are determined by the time zone of the exchange or platform, as well as the liquidity and volume of the market. For example, exchanges based in Asia, such as Binance or Huobi, tend to have higher trading volumes during the Asian trading session, which corresponds to the morning hours in Europe and the evening hours in North America.

On the other hand, exchanges based in the United States, such as Coinbase or Kraken, tend to have higher trading volumes during the North American trading session, which corresponds to the morning hours in North America and the afternoon hours in Europe. These exchanges also have specific hours of operation, usually from 9:30 am to 4:00 pm EST, which correspond to the opening and closing times of the NYSE.

However, even when the traditional financial markets are closed, bitcoin trading continues on decentralized exchanges (DEXs) and peer-to-peer (P2P) platforms, such as Bisq or LocalBitcoins. These platforms allow users to buy and sell bitcoin directly with each other, without the need for an intermediary or centralized exchange. This means that bitcoin trading is always available, regardless of the time of day or night.

Another factor that affects bitcoin trading hours is volatility, which refers to the degree of price fluctuations in the market. Bitcoin is known for its high volatility, which can result in sudden price movements and trading opportunities. As such, traders and investors may choose to trade bitcoin during periods of high volatility, such as when major news events or market developments occur, regardless of the time of day or night.

In conclusion, bitcoin is traded around the clock, 24/7, on various exchanges and platforms across different time zones and locations. Trading hours may vary depending on the exchange or platform, as well as the liquidity and volume of the market. However, even when traditional financial markets are closed, bitcoin trading remains available on DEXs and P2P platforms, providing users with continuous access to the cryptocurrency market.

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