Unlike traditional stock markets, crypto exchanges operate 24/7, providing constant opportunities for buying and selling. This round-the-clock trading environment offers unique challenges and opportunities for investors as they try to figure out small but impactful ways to increase profitability, including how to best “time the market.” While there’s no golden rule on the ideal day and hour for trading, we share general observations that can inform your Bitcoin buying strategy.

Suggested Times of Day to Buy Bitcoin and Other Crypto

The cryptocurrency market can exhibit patterns during specific times of the day due to varying global trading activities. For example, the overlap of business hours between major financial centers such as New York, London, and Tokyo can lead to increased trading volume and price volatility. Historically, late-night hours in the U.S. (which correspond to daytime trading hours in Asia) have sometimes seen increased activity and price movements in the Bitcoin and crypto market.

Adding to this, it’s suggested that the best time of day to buy cryptocurrency is in the early morning before the New York Stock Exchange opens. This is based on the observation that cryptocurrency values often rise as the day progresses, influenced by trading activities during NYSE hours. Another crucial time to consider is around 1 am UTC, when Bitcoin, and potentially other cryptocurrencies, tend to be most volatile. This is when Western and Asian traders are likely active simultaneously, leading to increased volatility and potential buying opportunities.

The Best Days to Buy Bitcoin and Other Crypto

When considering the best days to buy crypto, analysis of trading volume suggests that Sundays and Mondays might be advantageous, particularly for Bitcoin, as the price tends to be lower due to reduced trading activity over the weekend. This pattern could also apply to other cryptocurrencies.

Moreover, the general trend observed in the cryptocurrency market is that prices start low on Monday, gradually rise throughout the week, and then drop over the weekend. This suggests that early in the week, particularly on Monday, might be a good time to buy cryptocurrencies.

However, it's important to note that these patterns are not consistent and can vary greatly from week to week. And, some analysts suggest paying attention to mid-week trends. Tuesdays and Wednesdays have often been noted for showing market movements, potentially due to increased trading activities after the start of the business week.

Which Months Have Historically Seen the Best Returns

A general observation in the crypto market is the significant performance variations that occur throughout the year. For instance, Bitcoin and other major cryptocurrencies have historically shown a tendency for stronger performance during certain periods. Notably, the early months of the year have often seen bullish trends for Bitcoin.

Additionally, the period leading up to the Bitcoin halving, which occurs approximately every four years, typically sees increased interest and investment in Bitcoin, as the halving event reduces the rate at which new Bitcoins are created, thereby impacting the supply.

November Bull Bias

The end of the year, particularly November, has also been noted for strong performances in the crypto market. This could be attributed to various macroeconomic factors, market cycles, and investor behavior during this period. However, these trends are not consistent and can vary from year to year based on a multitude of factors, including global economic conditions, regulatory developments, and technological advancements in the crypto space.

Unpredictable Trends and Announcements

It is also worth considering the impact of specific events and developments within the cryptocurrency industry. For example, the introduction of new protocols, upgrades, or significant adoption milestones can influence market sentiment and price movements. The crypto market's response to global economic events, such as shifts in monetary policy or financial market dynamics, can also play a crucial role in determining the best months for investment returns.

Top Tips:

Patterns do play a part, and certain months can be better for buying and selling crypto, but to make informed investment decisions, you should do the following:

Word to the Wise — Markets Can be Hard to Predict

While identifying patterns in the crypto market can be useful, it's crucial to acknowledge the inherent unpredictability of these markets. External factors like regulatory news, technological advancements, and macroeconomic variables can significantly impact market movements. Investors are advised to stay informed about industry developments and not rely solely on historical data for making buying decisions.

FAQ About Determining the Right Day and Time to Buy Crypto

Does the preferable day/time to buy crypto vary between currencies?

Yes, different cryptocurrencies may exhibit unique patterns based on their specific market dynamics and investor communities.

Do crypto markets close?

No, crypto markets operate 24/7, unlike traditional stock exchanges.

Is there a day or time during which it’s best to sell my crypto?

Selling strategies vary based on individual investment goals and market conditions. It’s crucial to conduct thorough research and consider various factors before selling.

When is the best time to buy Bitcoins?

The best time to buy Bitcoins is typically early in the morning before the NYSE opens and on Sundays and Mondays, when prices are generally lower. Historically, the beginning of the year and November have also seen strong returns, but trends can vary each year.