43% of Bitcoin volume occurs during U.S. trading hours

time:2022-01-19 09:00 source:Internet

According to a report published by Arcane Research, U.S. trading hours dominate Bitcoin’s trading volume, even on weekends. Bitcoin’s 90-day correlation with the S&P 500 is currently at its highest level since October 2020, with the U.S. session showing the most activity for Bitcoin. In 2022, U.S. trading hours will see a significant increase in volume, accounting for an average of 43% of 24-hour volumes. Since the end of 2021, the trading volume in the US market has been on an upward trend, with the proportion of trading volume rising from 36% to 43% between November 1, 2021 and January 16, 2022. Arcane Research sums up the trend: As U.S. stocks open, trading activity tends to pick up immediately, and Bitcoin's performance closely correlates with the S&P 500.

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