Unveiling the Patterns: Bitcoin’s Price Dance in Evening Markets
This study explores the characteristics and determinants of Bitcoin price dynamics during evening trading sessions in the United States. Using a rich dataset of transaction-level data from a leading cryptocurrency exchange, we find that Bitcoin prices exhibit distinct patterns and respond differently to various factors during evening hours compared to other trading sessions. Our findings provide empirical evidence on the unique features of Bitcoin’s evening trading activity and contribute to a better understanding of the evolving dynamics of the cryptocurrency market.
