There is an abundance of positive sentiment around Bitcoin right now. Some investors compare Bitcoin to gold as a potential store of value as it increases in relative worth against both the U.S. dollar and gold. ... The price of this crypto asset should rise as demand outstrips supply, and total supply is capped.
Although, what is the best time of day to buy Bitcoin?
On average I would tend to say that Sunday/Monday are the cheapest days since trading tends to slow down over the weekends and there is generally less demand.
Apart from that, is it a good time to buy Bitcoin 2020? Bitcoin is on track to be one of the best performing assets of 2020 as the chart below shows. Bitcoin's strong performance has not escaped the notice of Wall Street analysts, investors and companies. ... The company launched bitcoin trading in 2018 with Cash App, which enables the buying and selling of bitcoin.
In like manner, what day of the week is best to buy Cryptocurrency?
New Analysis Finds That Mondays Are the Best Days to Buy Bitcoin. Bitcoin returns on investment differ based on what day of the week BTC was bought as well as other factors such as volatility and market cycle conditions.
What time does Bitcoin market open?
When can I trade? Almost 24 hours a day during the week. Regular hours are 9:30 a.m. to 4:15 p.m. ET Monday through Friday, but extended trading hours go from 6 p.m. ET Sunday to 9:30 a.m. ET Monday, then 4:30 p.m. to 9:30 a.m. ET Tuesday through Friday.