Researchers from LongHash, a Hong Kong-based research company, published a report on their analysis of Bitcoin trading data (BTC) from July 6, 2017 to July 2, 2019.
Based on the information obtained using Crypto Data Download and the Coinbase cryptographic price archive, they concluded that the last two years Bitcoin has been showing the highest volatility between midnight and 1:00 am 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 $ 1000 within an hour .
At the moment, Bitcoin is trading at a price of $ 10,577 per unit:
Publication date 07/20/2019
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