Bitcoin trading activity surges during US market hours, research shows
Research findings by K33, a digital assets platform, show a pattern in bitcoin trading, with increased activity during US market hours compared to Asian and European sessions. US market power Despite growing concerns about regulatory uncertainties in the United States, with various crypto market participants currently locked in legal battles with the Securities and Exchange Commission (SEC), a new study by K33 shows, the country remains a force to reckon with when it comes to bitcoin trading. Per the latest research findings, the worlds flagship cryptocurrency has shown a rise in trading activity during U.S. market hours in recent weeks. According to the researchers, U.S. market hours have become the strongest for the price of BTC since the market bottomed in November 2022, following a challenging period from mid-February to mid-June. Bitcoins year-to-date climb stands at 62%, with a 13% increase over the last 30 days and a 1.5% rise in the weekly timeframe, per data from Blockworks Research. Contrasting trading activity across regions Bitcoins behavior during U.S. hours contrasts with the relatively stable trading activity witnessed during Asian and European sessions. Since November 2022, bitcoin has seen more significant gains of 30% during US hours, compared to 21% in Asia and 17% in Europe. This disparity indicates