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Bitcoin Delivery Date (Bitcoin Trading Activity During What Time Period)

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When is the delivery date for Bitcoin? According to the latest news, the price o

Bitcoin Delivery Date (Bitcoin Trading Activity During What Time Period)

When is the delivery date for Bitcoin? According to the latest news, the price of Bitcoin has approached $20,000. Within the first six months before December 19, 2018, based on the quantity from five trading pairs, there are currently only three assets that can be used for contract opening: Bitcoin and Ethereum.

According to statistics, as of April 1, 2020, there were approximately 100,000 Bitcoins circulating in the market, with a total value of about 1.5 billion RMB. Shortly after Bitcoin’s second halving at the end of April 2020, it entered a bull market. However, by the end of 2019, Bitcoin will start to bearish, because the market sentiment is relatively aggressive. In early 2017, Bitcoin reached its all-time high (20,000 USD) and began to fall continuously, with the lowest price at the end of 2017 dropping by 80%. From early July to mid-August 2018, along with the volatility of the cryptocurrency market subsiding, Bitcoin remained in a sideways trend.

Bitcoin Trading Activity During What Time Period

Editor’s note: This article is from Cybtc.com, authorized by Odaily Star Planet Daily.

In the past few weeks, the price of Bitcoin has been on the rise, but market sentiment remains very positive. This behavior indicates that trading activity becomes active on weekends, and when a large number of new projects emerge in the market during these days, investors begin to focus on other currencies. According to Bitstamp’s data, within the 24 hours from June 30th to July 1st, approximately 9 million BTC were transferred to different addresses in exchanges, and this number is still increasing, which is nearly halved compared to the historical peak reached in mid-December 2017.

In addition, the average trading time period for Bitcoin is between 9 p.m. and 10 p.m. every day. Specifically, the normal time range is from 8 a.m. to 10 p.m.; the trading volume between 9 p.m. and 11 p.m. is usually relatively small, but relatively large. Furthermore, because traders show interest and attention to the market, many people consider Bitcoin as a speculative asset. Therefore, they will consider purchasing some cryptocurrencies as an alternative in their investment portfolio and convert it into fiat or stable currency for cash exchange. “When you think the volatility is high at a certain moment, you will buy” is what most people say is “irrational”. On the other hand, “if we want to know when an abnormal situation may occur”, we can refer to the chart analysis below because this indicator shows that most of the time during the day, there is a movement after three, five, or one hour after 3 a.m.; which means that people will not enter the market in the same way before 4 a.m.; so it is difficult to return to normal track unless there is sufficient market participation and no changes at this time.

In addition to the continuous increase in trading activity, since early December last year, with Bitcoin breaking through its all-time high, its price has been skyrocketing. Since February of this year, the price of Bitcoin has risen by more than 1000%. The increase in the past few quarters has also far exceeded the same period, especially after February and early this year, with an increase of more than 10%. It is fortunate that despite the recent sharp drop in Bitcoin prices causing heavy losses for many people, it now appears that Bitcoin still maintains a relatively strong momentum of development, and may even surpass the peak level of 2018, or even higher.

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