Bitcoin exhibits increased trading activity during US hours
The world’s largest crypto is showing increased strength and trading activity during US market hours, according to recent data compiled by two industry firms. In the last week, bitcoin (BTC) has witnessed “staircase-like gains,” forming a pattern of rising prices during US market hours . That tends to stabilize by day’s end, according to research from digital assets brokerage K33. “US market hours are now the strongest market hours for BTC since the November bottom, after recovering from a challenging period between mid-Feb to mid-June,” K33 said in a research note last week. BTC has since climbed 62% year-to-date, 13% over the last 30 days and is up 1.5% on the week to $30,700. BTC remains fairly muted on the day — up 0.6%, data from Blockworks Research shows. The asset’s behavior during US hours contrasts with the relatively stable trading activity during the Asian and European sessions. Since last November, bitcoin has seen more significant gains of 30% during US hours co...