Bitcoin Market Hours & the 3 Major Bitcoin Sessions

The online Bitcoin Crypto Currency trading market is a 24 hrs Market: it opens on Sunday night (5 PM EST) and closes on Friday afternoon (4P.M. EST) - open 5 and a half days a week.

However, even though the Bitcoin market is open 24 hrs a day, as a trader you need to realize that certain times of day are more suitable than others when it comes to BTC USD ==22==CryptoCryptoCurrency so as to devise an effective and time efficient Bitcoin strategy.

To maximize the No. of trading opportunities during these market trading times, it's important to be aware of the times when the online trading market is busiest. This is the time which most financial transactions activity is carried out.

Even though there is no official open & close time during the week, the market trading day can be broken up in to 3 major sessions - Tokyo, London and New York trading sessions.

However, although it seems not to be very crucial at the start, the right time to trade is one of the most crucial points required to be a successful Bitcoin trader.

The best time to trade Bitcoin is when the market is most active and thence has the largest volume of financial transactions. A more active online market creates a good chance to make some profit while a calm and slow market is literally a waste of your time resource - turn off your Desktop computer PC during this time and don't even bother trading BTCUSD at this time.

Not all the market times are suitable, that is because the volatility changes too much during the 24 hrs market cycle. Below is a table explaining and outlining the schedule of the Trading Sessions. The time used is GMT 0.

BTCUSD Market Hours & the 3 Major BTCUSD Sessions

Online Financial Market Trading Hours - Best Bitcoin Hours

These are the busiest trading times when it comes to financial instruments because these are the times when the major financial institutions and major banks in these large cities are open for biz. Because of major financial transactions carried out by these major financial institutions the online trading markets also becomes very busy due to and because of this huge turnover of trades.

As a btc/usd trader trading during this market time is the best option because there is a lot of movement in the price of financial instruments.

The 3 major market trading sessions are:

Asian Session Hours (Tokyo): 00:00 - 9:00 GMT

European Session Hours (London): 7:00 - 17:00 GMT

U.S.A. Session Hours (New York): 13:00 - 22:00 GMT

Trading Sessions Overlaps - Best Trading Times

There are hours when 2 trading sessions are overlapped:

London + Tokyo overlap - 7:00 - 9:00 GMT New York + London overlap - 13:00 - 17:00 GMT

At these over-lapping market hours you'll find the highest volume of financial transactions and thence more chances to make winning trade transactions during these trading times.

For example illustration, the BTCUSD pair would give good trading results between 13:00 to 17:00 GMT when two market sessions of Europe and USA are open.

This means that the lion share of financial transactions is happening between the London session and USA sessions. Naturally this is the best time to make profits trading the online bitcoin markets.

The BTCUSD prices moves a lot during the New York and London Sessions because Multinational firms, hedge funds, managed funds & banks are open for transacting financial instruments such as Bitcoin cryptocurrency, currencies, precious metals and CFDs.

Multinationals will transact currencies during this time to facilitate international business transactions and commerce, hedge funds & managed funds will trade currencies, Bitcoin cryptocurrency, Oil and CFDs for investment purposes, banks on the other hand will exchange lots of money on behalf of their customers, and also trade instruments such as currencies, BTCUSD cryptocurrency, Oil and CFDs for investment purposes or for speculation purposes.

Banks also will transact currency transactions/trades on behalf of the tourists wanting to travel around the globe or just anybody wanting to exchange money so that to buy something in another country or make some international trade.

This makes the online market very liquid at this time and the high volume of financial transactions means that BTCUSD prices move a lot. At this time the Bitcoin prices will in general move in particular direction and form a short-term trend.

As a trader you also want to join in and trade when everyone is placing their orders because this is the time there's enough liquidity and many good opportunities to make and earn money trading Bitcoin, and because there is a lot of liquidity the market movements will in general be more predictable unlike when there is little liquidity & the price movement becomes unpredictable and the market prices can move in a range bound/ranging kind of manner with no particular direction.

Once you trade Bitcoin for a while you'll get to know that's easier to make money when the market is heading up or heading down when there's a trend, unlike when it is in a range sideways market. The market is likely to be trending during the busiest market times - which makes these times the best ==22==timeshours for Bitcoin.

Asia Session Characteristics:

Least volatile of the 3 sessions
Account for 15 % of daily trade transaction turnover
Typical 20 -30 dollar moves

European Session Characteristics:

Most volatile of the 3 sessions
35 % of daily trade transaction volume
Typical 90 - 120 dollar moves

US Market Session Characteristics:

2nd most volatile of the three markets sessions
Accounts for 25 % of daily turnover
Focuses on USA economic news

US & Europe Session Overlaps Characteristics:

Combines the two most volatile trading sessions

Accounts for 60 % of the total daily financial transactions turnover

Focuses on USA and European economic news

Fast moving Bitcoin prices and BTCUSD pair trends in a particular direction

Typical 100 - 150 dollar moves for BTC USD Crypto pair

Study More Topics and ==22==TutorialsLessonsTutorials--and--Lessons:

Trade Bitcoin Trading