LongHash found out at what time of the day Bitcoin is the most volatile
Researchers from LongHash, a Hong Kong-based research firm, published a report on their analysis of data on military-technical cooperation in the period from July 6, 2017 to July 2, 2019.
Based on information obtained using Crypto Data Download and the Coinbase cryptographic pricing archive, they concluded that the last two years Bitcoin has shown maximum volatility from midnight to one in the morning UTC (3-4 am in Kiev / Moscow) .
LongHash analysts suggest that at this time, American and Asian traders simultaneously show high activity, as evening begins in America at this time, and in Asia – the working day.
Recall that last night against the backdrop of criticism of Facebook’s crypto project and statements by US Congressman Patrick McHenry in an interview with CNBC that bitcoin could not be destroyed, the price of the PTS, having sunk to $ 9,400, broke the bearish trend and added more than $ 1,000 within an hour. At the moment, Bitcoin is trading at a price of $ 1,0321 per unit.