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18 January 2021

Research Suggests Bitcoin Buying Ramps Up When Traditional US Markets Open | Bitcoin News

Research Suggests Bitcoin Buying Ramps Up When Traditional US Markets Open | Bitcoin News


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Research Suggests Bitcoin Buying Ramps Up When Traditional US Markets Open.

While bitcoin and a number of digital assets set new 2020 price highs, a variety of crypto-asset commentators have detailed that since October, there’s been a lot of bitcoin buying action during U.S.

The executive further said that the trend of hedge fund managers like Paul Tudor Jones accumulating bitcoin has been “accelerating.” “I’ve been on a number of calls in the last few weeks with billionaire hedge fund managers discussing making their first $5m-$100m buy, as well as others upsizing their allocations from say 1% of their net worth to 5-10%,” Paul highlighted.

“The charts highlight bitcoin’s price during the hours that the New York Stock Exchange was open, shown in green.

markets were closed, bitcoin prices jumped 10.23% and closed the evening at $15,579 per BTC.

markets were open than during hours where U.S.

“On average, bitcoin’s hourly returns were about 0.1% during market open hours compared to about 0.04% when markets were closed.”

“Specifically, November 2017 saw more movement during nighttime hours when US markets were closed, and more volatility over weekends,” the author concluded

“Average hourly returns were about -0.13% while US markets were open versus about 0.11% while markets were closed.”

What do you think about the trend of U.S.-based bitcoin buying during this bull run

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