Bitcoin exchanges operate 24 hours a day, 7 days a week. However, there are opening and closing hours to determine the prices.
Cryptocurrency Trading Hours
There are always opening and closing hours in the stock market and exchange rates. Unlike the traditional stock market, the functioning of cryptocurrency exchanges is different. Cryptocurrency exchanges serve 24 hours a day, 7 days a week. Investors from all over the world can trade whenever they want. However, in cryptocurrency exchanges, some time zones are used to determine prices. These time zones are also called the opening and closing hours, as in the traditional stock market and exchange rates. In addition, there are no closings in crypto currency exchanges. The reason for determining the price according to the time zones is to determine the percentage rise and fall according to the last price of the coin. As long as trading is not closed for any reason, trading can be done at any time of the day on cryptocurrency exchanges.
The start and end times, in other words the opening and closing times, are determined for technical analysis. Also, Bitcoin is the main currency of the cryptocurrency exchange. For this reason, cryptocurrency exchanges are also referred to as bitcoin exchanges. The daily closing time of cryptocurrency exchanges is determined as 00:00. In this time frame, prices reset and new candles are opened on the price charts. However, this clock is a global clock. The closing time of cryptocurrencies for investors in Turkey is 03:00. This is due to Greenwich Mean time. Since the time difference between Turkey and Greenwich is 3 hours, the stock market closes 3 hours later than the rest of the world. 03:00 closing time is valid on all exchanges.
When are the Bitcoin Transaction Hours?
Bitcoin is used as the base currency of cryptocurrency exchanges. All cryptocurrencies, including Ethereum, are altcoins that are based on Bitcoin. For this reason, cryptocurrency exchanges are also called Bitcoin exchanges. Bitcoin trading hours are the same as all cryptocurrency exchanges. The Bitcoin exchange is open 24 hours a day, 7 days a week. There is a short closing for the daily price index and evaluations. This closing time is 00:00 in the world and 03:00 in Turkey. Bitcoin transaction hours are active at all hours of the day. In the same way, transactions can be made every hour of every day in other cryptocurrencies created based on Bitcoin. In investments, investment hours can be determined according to the percentage of decrease and increase of the results of the opening and closing hours.
4-Hour Closing Times in Cryptocurrency
In order to read the chart data of cryptocurrencies correctly, support and resistance levels are important. Technical analysts determine their analysis according to these levels. In order to obtain these data, 4 hours of data are considered. Cryptocurrency 4-hour closing hours start at 07:00 and progress every 4 hours. It takes place every 4 hours until 03:00. At the specified hours, the price data changes to the new candle. The daily closing time is 03:00 for Turkey as stated. And then the new day data is passed.
