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Crypto market trading hours and converter | Finder Indonesia
If Bitcoin trading never stops then what does it mean when news sites and others talk about bitcoin opening or closing at a certain price, and why is this terminology used? Could two people mean different things when they talk about the closing price at the same date? Traditional markets are not open for trade all day, so the opening and closing price refer to the first and last price of the day. They are used as measurements for the trading activity of a day.
All times are GMT unless otherwise stated.
Since closing of the previous day is essentially the same as opening of this day, some pages such as e. CoinDesk only show the closing values for the historical data.
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I only know about one exchange for sure but I'm pretty confident this is a widespread concept and applies to many other exchanges, too. These charts exist in traditional markets, too.
Market Trading Hours
There, a candle stick typically represents 1 day. That day has among others an opening and a closing price. Note that the closing price December 29th doesn't have to be the opening price of December 30th and the opening price of December 29th wasn't necessarily the closing price of December 28th, in such markets.
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In fact, it's fairly unlikely that these prices are the same. Its candlesticks are different.
First of all, they have different sizes depending on the length of the period of time the diagram shows. In the 48 h chart, they only are 15 minutes wide. In the 1 Y chart, they are as wide as in old markets: 1 day. In the 5 Y chart, they are a week wide.
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Furthermore, the closing price of one candlestick is always the same as the opening price of the next one. This is because they simply slice time up on the clock , , , etc. Generally speaking, wherever on the planet you may find yourself on a weekday, the odds are that trading is underway somewhere.
So, buckle yourselves in for a whistle-stop tour of the global markets — complete with a cut-out-and-keep guide to timings.
Stock exchanges have strict trading hours because they want to ensure that liquidity is highest between their opening and closing bells. Generally, the markets are busiest at the start of a trading session, as investors react to news from other parts of the world and digest financial results. This is possible because currencies are not traded through one particular exchange.
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This boosts volumes and makes it easier to execute trades. Crypto markets are fully 24 hours a day, seven days a week, but levels of liquidity can vary depending on the time of day.
Looking at the daily close is a great way to stay up to date on the latest happenings in the markets and gauge how a particular cryptocurrency is performing compared to the day before. On a larger scale, investors use daily closings in the market to identify macro trends and make predictions about how certain assets are likely to perform in the future. This is DailyClose Cryptocurrency market hours run from to UTC and are open 24 hours a day, days a year.