RATE Group | No rest for bitcoin traders as wild movements and big milestones often happen on the weekends
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No rest for bitcoin traders as wild movements and big milestones often happen on the weekends

13 Jun No rest for bitcoin traders as wild movements and big milestones often happen on the weekends

Posted at 00:32h in Bitcoin News by

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For bitcoin traders, key times to buy or sell often come at the least opportune time to be behind a computer monitor: Saturday night.

Some of the digital currency’s steepest price swings have happened over a weekend. Bitcoin hit its all-time high near $20,000 on a Saturday in December, and dove to a recent two-month low this Sunday.

Roughly 60 percent of weekends since December have seen a 5 percent or higher price move over a weekend, and 82 percent of weekends have had at least a 3 percent move in either direction, according to data from CoinMarketCap.com.

Low liquidity, and limited bank hours have made it all the more challenging for U.S. traders to capitalize on these weekend price swings.

Mark Newton is one…

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