Cryptocurrency Q&A
What days are Bitcoin most volatile?
What days are Bitcoin most volatile?
FantasylitElation
Wed Dec 04 2024
|
5 answers
1124
Bitcoin is most volatile when there are significant changes in supply and demand, often driven by news events, regulatory actions, or large investors' behavior. For instance, reports of government crackdowns on crypto or decisions by prominent companies to accept or reject Bitcoin as payment can lead to sharp price movements. Additionally, as Bitcoin's supply is limited and approaches its maximum threshold, any actions by big financial players in a dwindling supply environment are likely to cause price fluctuations.
5 answers
PulseEclipse
Fri Dec 06 2024
The Bitcoin market experiences significantly elevated trading volume and volatility during specific hours.
Was this helpful?
265
28
CryptoAlchemyMaster
Thu Dec 05 2024
These peak times align with the daytime trading hours of the US and European stock exchanges.
Was this helpful?
263
32
Rosalia
Thu Dec 05 2024
During weekdays, the trading activity in the Bitcoin market is substantially higher compared to weekends.
Was this helpful?
378
47
ShintoSanctuary
Thu Dec 05 2024
Similarly, the volatility, or the frequency and magnitude of price changes, is also notably greater on weekdays.
Was this helpful?
118
54
Arianna
Thu Dec 05 2024
This pattern suggests that the Bitcoin market is influenced by the activities of traditional financial markets.
Was this helpful?
100
95
