New Research Study Claims Bitcoin’s Volatility Is At Its Peak Between 12 And 1 AM (UTC)

  • According to the study, there is no “perfect time” to purchase BTC since the premier alt-asset experiences a certain amount of price uncertainty all throughout the day/night.
  • The authors of the study have made it abundantly clear that their findings are to be used only as independent advice and not as daily trading strategies..

As per a study released by the folks over at Longhash, BTCs value fluctuates the most between midnight to 1 a.m. (UTC). In regards to the study, the research team claims that they made use of a platform called ‘Crypto Data Download’ to analyze Coinbase’s exchange information that was collected over a period of two years (extending from July 6, 2017, to July 2, 2019.)

During the course of their studies, the team found that the price of BTC swung the most during the aforementioned one-hour time window (when compared to the other 23 hours of the day).

As can be seen from the chart above, at around 1am UTC, Bitcoin experiences its highest levels of volatility.

For those of our readers who may not be aware, 1 am UTC corresponds with the beginning of North America’s early evening (as well as represents the start of a 8-hour work shift for many people living across Asia).

According to the chart, there is no “perfect” time to trade BTC since there are minor fluctuations taking place throughout the daily crypto trade cycle.

The data sets available above seem to indicate that over the course of the past 24 months, most BTC purchases have been facilitated between 3 a.m.and noon UTC.

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