Follow by Email
Facebook
Twitter
Telegram

The Magic of 24-Hour Crypto Markets 

Bitcoin blockchain crypto currency digital encryption, Digital money exchange, Technology network connections background concept.

In the traditional trading world, there’s always a cut-off time when buying or selling stocks, right? But have you ever wanted to trade ETHi tokens at 3 am and wondered if you can?  

Short answer: yes, you can. For a more detailed answer, read on. 

Does the Crypto Market Close? 

A great thing about cryptocurrency is that, unlike your local bank, it does not have specific operating hours. Anyone can buy and sell crypto tokens anytime, without waiting for someone to approve or validate the transaction. What’s more, you get the same response wherever you are in the world. 

How does the crypto market do this? That’s where the power of the blockchain comes in. 

Cryptocurrency uses the blockchain, a decentralized ledger, to operate. Think of it as an expressway where all transactions are recorded, validated, and processed. Computers handle the transaction based on preset commands, with parties involved given a transaction hash as proof.  

How Does It Affect the Crypto Market 

The instantaneous and 24/7 availability of cryptocurrencies influence various facets of digital assets, namely: 

Trade Volume 

The amount of crypto one can buy and sell at a certain time frame usually changes depending on the number of active traders. And while you can make a transaction anytime, many traders still operate on a specific timeframe. High trading volumes mean more people are trading with the crypto token, so expect prices to be more stable. 

Crypto Prices 

While investor sentiment and other factors can affect crypto prices, trade times can also dictate a crypto’s value. Since trading can happen at all times, it also means that prices can change anytime as well. This is one reason why crypto prices tend to be volatile, as prices can be higher during off-peak hours or on weekends when there are fewer traders in the market.  

Liquidity Levels 

Liquidity refers to how easy it is to buy or sell a cryptocurrency at a specific time. The more activity and demand for a specific token, the better the price will be, an advantage for sellers. Off-peak hours however may result in lower crypto prices, as there would be little demand for the token.  

Cryptocurrency is truly amazing, revolutionizing how the world does commerce and trading. And if you’re interested in trading ETHi tokens, we’re available on Coinstore, P2B, and KoinBX. Check us out on these exchanges today! 

Related articles

Understanding the Bull and Bear Market

Unless you’ve been living under a rock for some time, you’ve heard the terms ‘bull’ and ‘bear’ markets in the news or on social media. But have you ever wondered what they mean and how it affects your crypto investments? We’ve prepared an article to discuss these terms and how to deal with each market […]

Learn More

FTX Collapse and How It Affected Crypto

Almost all crypto-related sites and news outlets have reported about the crash of FTX; it’s nearly impossible to miss. And three months after the event, its aftereffects are still seen in the crypto market. But what happened to FTX, and should you be worried about it? Here’s what you need to know about the issue. […]

Learn More

The Volatile World of Meme Coins 

I’m sure you heard about the “Official Trump” token that’s rising the ranks just days after the inauguration of its namesake. As of writing, it’s the 25th most popular Meme coin in the market, with a buying price of roughly $37 per coin, a 400% spike in less than a week.  But what’s driving the […]

Learn More