Here is the most popular time to trade Bitcoin

Bitcoin, once known for its frenetic weekend trading, underwent a significant change in 2024 when weekend trading volumes hit an all-time low.

In 2019, 28% of transactions took place on weekends Bitcoin , but now that figure has dropped to just 16% according to data of Kaiko.

Several factors contribute to this decline. It has a major impact the launch of Spot Bitcoin ETF. While crypto markets are open 24/7, ETF trading is aligned with stock market hours, resulting in increased trading activity during the week.

Kaiko's report notes that trading volume increases at the stock market close to accurately reflect the reference price. This trend has made this window the second most popular time to trade Bitcoin on weekdays, but not on weekends.

As a result, weekend trading has been on a downward trend since 2021 and is now at an all-time low.

Also, the closing of banks like Signature and Silicon Valley Bank in March 2023. had an impact on weekend trading. These banks had 24/7 networks for large crypto transactions, but their absence reduced the willingness of market makers to trade during periods of low volume.

Bitcoin's price movement has been relatively flat in recent months as investors await key economic indicators and potential interest rate cuts from the Federal Reserve.