Data shows most of Bitcoin’s recent gains since November 27 have been observed during Asian trading hours, according to a report. Bitcoin Saw The Most Returns During Asian Trading Hours As per the latest weekly report from Arcane Research, Asian trading hours saw positive cumulative BTC returns of around 16% between November 27 and January 15. The report defines the three principal trading hours: between 0 to 8 Central European Time (CET) for Asian hours, 8-16 CET for European, and 16-24 for the US. Here is a chart that shows the cumulative returns that Bitcoin got during each of these trading hours since 27 November: The value of the metric seems to have been the lowest for Europe | Source: Arcane Research's Ahead of the Curve - January 17 As shown above, Bitcoin has seen chiefly positive returns during Asian trading hours between 27 November and 15 January. This would suggest that traders in Asia have been participating in net buying throughout this period. Related Reading: Altcoin Indexes Outperform Bitcoin, Small Caps Lead Market The US trading hours mostly saw consolidation in this timespan, implying th ..
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