Intraday Price Dynamics in the Bitcoin Market: Evening Synopsis
**Intraday Price Dynamics in the Bitcoin Market: Evening Synopsis**
This study investigates the intraday price dynamics of Bitcoin, the leading cryptocurrency, using high-frequency data. We employ econometric models to capture the temporal evolution of Bitcoin prices over the course of a trading day. Our findings reveal distinct patterns in the intraday variance and volatility, with a pronounced “U-shaped” pattern observed. We identify significant morning and evening peaks in volatility, which correspond to key trading times in different global markets. The results provide insights into the behavior of Bitcoin market participants and the potential implications for investment strategies.
