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When is the best time to buy crypto?

According to a report from Bloomberg, professional traders prefer to buy crypto during the week rather than during the weekend. The market is reportedly less attractive on weekends and a significant volume of the activities on weekends are from algorithmic trading bots and market makers.

Does crypto rest on weekends?

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?

Why are weekends so important for cryptocurrency traders?

Secondly, weekends are a time for cryptocurrency traders to regroup. Investors may spend this time discussing with friends or colleagues on the newest trends and the most exciting prospects.

Are weekend dips in crypto a sign of the future?

“This has been a phenomenon in crypto for several years,” said Stephen McKeon, associate professor of finance at the University of Oregon in Eugene, and partner at Collab+Currency, a cryptocurrency-focused investment fund. These weekend dips may have significant effects as regulators weigh the future of digital currency, experts say.

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