Ethereum

Cryptocurrency

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/asian-trading-hours-influence-cryptocurrency-market-volatility/" data-wpel-link="internal">Asian Trading Hours Influence Cryptocurrency Market Volatility</a><br></p>
<p style="text-align: justify"><strong>Cryptocurrency</strong> markets experience significant fluctuations, especially during Asian trading hours. According to a report by 10x Research, Bitcoin lost 20% of its value last month. Of this decline, 13% occurred during Asian trading hours. This indicates the region’s significant impact on the market. Many investors in Asia facing liquidations further deepened Bitcoin’s value loss.</p> 
<h2 style="text-align: justify" id="ethereum-s-decline-was-sharper">Ethereum’s Decline Was Sharper</h2> 
<p style="text-align: justify">In addition to Bitcoin, <a href="https://en.coin-turk.com/ethereum-surpasses-4000-milestone/" data-wpel-link="internal">Ethereum</a> also experienced a 22% value loss. <strong>Ethereum</strong>‘s losses, 16% of which occurred during Asian trading hours, highlight the significant impact of Asian trading activities on Ethereum’s <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market performance</a>. The fact that 65% of the total declines in Bitcoin and Ethereum occurred during Asian trading hours underscores the critical role of Asian markets in the <strong>cryptocurrency</strong> world.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-368598 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/10x.png" alt="" width="501" height="484"></p> 
<p style="text-align: justify">The 10x Research report emphasizes the sensitivity and volatility of cryptocurrencies to regional trading behaviors. The significant losses during Asian trading hours indicate that market sentiment and trading strategies in this region are currently driving major price movements. On the other hand, substantial liquidations experienced by individual investors, rather than institutional investors, significantly contribute to the overall downward trend.</p> 
<h2 style="text-align: justify" id="critical-targets-for-bitcoin">Critical Targets for Bitcoin</h2> 
<p style="text-align: justify">The 10x Research report suggests that Bitcoin appears oversold in the short term and a counter-trend rally could occur next week due to potential macroeconomic tailwinds. Additionally, if the SEC approves the launch of an <strong>Ethereum ETF</strong>, short-term positive momentum could be achieved. However, 10x Research does not believe this indicates a significant buying opportunity in the medium term.</p> 
<p style="text-align: justify">These <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a> provide important insights for investors, emphasizing the importance of monitoring regional market activities and their potential impacts on global cryptocurrency prices. Understanding the dynamics of Asian trading hours can help market participants better predict and respond to price movements in Bitcoin and Ethereum. As of the time of writing, Bitcoin, the flagship cryptocurrency, is trading at $57,709, while Ethereum, the leader of altcoins, is at $3,033.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/asian-trading-hours-influence-cryptocurrency-market-volatility/" data-wpel-link="internal">Asian Trading Hours Influence Cryptocurrency Market Volatility</a></h5>

Asian Trading Hours Influence Cryptocurrency Market Volatility

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