(MENAFN- Perceptiona) Bitcoin volatility peaks at 3pm before the New York Stock Exchange closes as well as spiking at 3am Eastern Standard Time, according to new analysis (1) from GNY, the leading blockchain based machine learning business.
Its analysis of trading data throughout 2021 found 3pm in the US – or 8pm in the UK – is the time to avoid for Bitcoin traders wanting to minimize volatility while 3am in the US – 1.30pm in India – is also a time for high volatility.
Its own research (2) shows one in five (22%) Bitcoin traders who trade at least $1,000 a month in the cryptocurrency expect the level of volatility to increase dramatically in 2022, and further 57% say it will increase slightly. Only 18% expect it to fall or stay the same
(2) GNY.IO commissioned the research company Pureprofile to survey 100 Bitcoin traders who trade at least $1,000 a month in the cryptocurrency. The survey was conducted in December 2021 with respondents from the UK, US, Germany, Netherlands, Nigeria, Switzerland, Vietnam, and the Philippines – countries that have some of the largest Bitcoin trading markets in the world.
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