There are a few reasons why people might want to know the closing time of the market. First, knowing the closing time can help traders plan their buying and selling activities around the times when the market is most active. This can help them take advantage of price movements and increase their chances of making profitable trades. Second, knowing the closing time can also help investors manage their risk by allowing them to set limits on their trading activities. For example, an investor may want to avoid holding positions overnight in case of significant price movements while the market is closed.

If you want to trade cryptocurrencies, you may be wondering when the crypto market closes. We're here to provide the answer to that question and more.

When Does the Crypto Market Close?

The cryptocurrency market, unlike the stock exchange, does not close. Crypto markets are open 24/7, so you can buy, sell, and swap cryptocurrencies anytime you want. The 24/7 nature of the cryptocurrency market is a significant advantage for traders and investors. Because the market never closes, traders can respond to news and events as they happen, rather than having to wait for the market to open. This allows for more flexibility and can potentially lead to better trading decisions.

Additionally, the continuous trading activity in the crypto market can lead to increased liquidity and tighter spreads, which can make it easier for traders to buy and sell cryptocurrencies at the prices they want. This can be especially beneficial for investors who want to take advantage of short-term price movements or who need to execute large trades quickly.

Furthermore, the fact that the crypto market is always open can be useful for traders in different time zones. Because the market never closes, traders in any part of the world can access it and make trades at any time. This is particularly useful for traders who may not be able to trade during normal market hours due to work or other commitments.

What Time of Day is Crypto-Popular?

Cryptocurrencies are most commonly traded between 8:00 am and 4:00 pm in local time. As a rule of thumb, the market tends to see most of its activity take place on weekdays during the times in which the US stock exchange is open.

Strategies for Day Trading Crypto

The day trading method involves trading one or more shares during a given day to earn profits. It is buying and selling an asset (in this case, a cryptocurrency) within the same day or multiple times over the day. This allows the trader to take advantage of small price moves, which can be very lucrative. To thrive in crypto day trading, keeping your eye on the charts, analytics, and community announcements is very important. Token Metrics provides many of these valuable insights, thanks to our AI and Machine Learning models.

The strategy of day trading contrasts the popular buy and hold, aka HODL strategy, but it does have certain benefits for traders. It is essential to have a well-planned strategy for day trading to succeed in maximizing profits.

Range trading is a common strategy for day trading cryptocurrencies. This involves monitoring the market for drastic changes in price and volume, and buying and selling accordingly. For example, if you notice that the volume of a particular cryptocurrency has increased significantly, you may want to buy it when it reaches an oversold level and sell it when it reaches an overbought level. By doing this, you can take advantage of short-term price movements and potentially profit from them. It's important to remember, however, that the small market caps of many cryptocurrencies make them susceptible to manipulation by large buyers, so it's essential to carefully monitor the market and make informed trading decisions.

Another popular strategy is employing bots to automate your crypto investments. Certain platforms allow traders to customize trading bots to buy low and sell high. Platforms like these use bots to read the markets and let traders break from constantly tracking the blockchain themselves. Similarly, scalping allows traders to benefit from small price movements. Many scalpers use bots to accumulate smaller gains by buying and selling a crypto asset within seconds. Scalping tends to necessitate a larger bankroll to benefit to a greater extent.

The final way in which crypto traders can take advantage of day trading is through arbitrage. Arbitrage involves buying a cryptocurrency on one exchange market and selling it on another where a price discrepancy exists. The fact that the crypto market is unregulated allows for price discrepancies to take place between trading exchange markets. This means a specific cryptocurrency may sell for more on one market than another. This is known as trading the spread. A spread is the difference in a coin's buy and sell price on different platforms.

Traders must consider trading fees when using any day trading tactic, as trading fees may wipe out gains from multiple transactions.

Key Takeaways

The cryptocurrency market is non-stop. Crypto traders are not limited to trading hours, like stock or bond traders. There are a multitude of ways in which crypto traders can take advantage of the ever-changing market by implementing day-trading strategies. It is important to understand the volatility and risks that come with trading cryptocurrencies. It is best to take a measured approach when trading and investing in crypto, and do your own research to understand what tactics would provide significant profits and help achieve your investing goals.

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NFTs, or non-fungible tokens, are gaining widespread popularity in the market for digital art and collectibles. In recent years, NFTs have become a cultural phenomenon, attracting the attention of crypto enthusiasts, digital art creators, and celebrities alike. As the Web 3.0 ecosystem continues to grow and adoption increases, many believe that NFTs will play a key role in the ownership of assets online.

So what are NFTs? Let's find out.

‍NFT Basics

NFTs, or non-fungible tokens, are a type of digital asset that represents ownership of something on the blockchain.

NFTs can be anything such as art, collectibles, music, profile pictures or PFP, DAO memberships, event tickets, gaming assets, virtual land, domain names, and so on. They can represent either completely digital assets or tokenized versions of assets that exist in the real world. Currently, there is a lot of excitement around using NFTs to sell virtual art.

Characteristics of NFTs

• Ownership: NFT represents digital ownership of an item on a blockchain
• Permanent: NFTs have data permanently stored within the token. This information includes images, messages, signatures, or any other data
• Programmable: An NFT can be programmed to do anything. For example, an NFT artwork might be programmed to pay the artist royalties on every secondary sale of that artwork
• Unique: NFTs are unique, and that uniqueness can be confirmed on a blockchain

How to Make an NFT

To create an NFT, or non-fungible token, you will need to first prepare your media file. NFTs can support a wide range of file types, including audio, images, and even 3D files. Some popular file types that are supported by NFTs include MP3, JPG, PNG, and GIF. You can also use 3D file formats like GLB to create NFTs that represent unique, digital objects.

Once your media is ready, you will need to set up a non-custodial wallet to securely store the cryptocurrency that you will use to buy, sell, and create NFTs. Non-custodial wallets are important because they allow you to retain control of your private keys, which are needed to access your cryptocurrency and make transactions. There are many different wallet options available, so it is important to do your research and choose one that is secure and user-friendly.

Once you have set up your wallet, you will need to buy Ethereum, or other fungible tokens depending on the blockchain being used, to cover the cost of minting your NFT. Ethereum is the most commonly used blockchain for NFTs, and it is typically the easiest to get started with. You can buy Ethereum using a variety of methods, including through a cryptocurrency exchange or from other individuals who are willing to sell.

Once you have your Ethereum, you will need to connect your wallet to an NFT marketplace like Rarible or OpenSea. These platforms allow you to easily create and mint your NFT, as well as trade and purchase NFTs created by others. To connect your wallet, simply tap the "Connect" button in the top right corner of the marketplace's website. This will create an account for you on the platform and allow you to begin creating your NFT.

To create your NFT, upload your media file to the platform and provide a description of your asset. You can choose to create a standalone piece, or create multiple NFTs of the same piece, each with its own unique characteristics. You can also set rules around royalties and other aspects of your NFT to ensure that you are fairly compensated for your work.

Once you are ready to mint your NFT, the process will require you to pay a small amount of ETH for transaction fees. This is necessary to get your NFT added to the blockchain and verified as unique. Once your NFT is minted, it will be available for trade and purchase on the marketplace. You can monitor the progress of your NFT and track its sales through your wallet or the marketplace's website.

NFT Secondary Markets

Creators make NFTs using blockchain-based minting platforms to retain more control over their creative output. Once NFTs are minted on a non-custodial wallet-compatible website, collectors and traders can sell these assets on the secondary market.

Here is a list of the most used NFT marketplaces:

• OpenSea: OpenSea is the first and largest marketplace for NFTs. OpenSea is building tools that allow consumers to trade their items, creators to launch new digital works, and developers to build rich, integrated marketplaces for their digital items. It recently announced the support for Solana-based NFTs.
• Coinbase NFT: Coinbase, a cryptocurrency exchange, recently launched its NFT marketplace in beta version to the public. This marketplace acts as a social media platform in which users can not only buy and sell NFTs but also interact with and showcase their collections using user profiles, likes, and comments.
• Solanart: Solanart is the first and largest fully-fledged NFT marketplace on Solana. Users can get quick and easy access to digital collectibles, and explore, buy, and sell NFTs that run on the Solana blockchain.
• Rarible: Rarible is a do-it-yourself NFT marketplace where you can mint NFTs when and how you please. Creators are highly favorable towards Rarible, as the minting process is free, easy, and unrestricted. Rarible’s native governance token “RARI” is used to incentivize platform users and give the community members a voice.
• Nifty Gateway: Nifty Gateway is owned by the Gemini crypto exchange and has become one of the most known NFT marketplaces lately. They focus on viral drops from artists like Beeple, Trevor Jones, Pak, and more.
• SuperRare: SuperRare (SR) is one of Ethereum’s debut crypto-art NFT marketplaces. Artists must be accepted to the platform before they can list their assets.

Notable NFT Projects

NFT-based companies have seen significant growth in recent years. Some notable examples include:

• Yuga Labs: a blockchain technology company that creates Ethereum-based NFTs and digital collectibles. Yuga's most valuable NFT collection is Bored Ape Yacht Club, which has seen a floor price of over 150 ETH at its all-time high. In addition to apes, Yuga has also created dog NFTs, mutant apes, and deeds for its Metaverse. The company recently acquired Larva Labs, bringing high-value projects like Cryptopunks and Meebits under the Yuga brand. Yuga is backed by investors like Coinbase, Samsung, and Mark Cuban.
• Doodles: a collection of 10,000 Ethereum-based NFTs created by artist BurntToast. The Doodles collection includes a wide range of visual traits, heads, costumes, and colorways. Owners of Doodles NFTs have exclusive access to new experiences like Space Doodles and Dooplicator.
• Okay Bears: a collection of 10,000 Solana-based NFTs. Ownership of an Okay Bear grants access to a community of collectors and exclusive products, merchandise, and events.

Investing in NFTs

NFTs, or non-fungible tokens, provide many benefits as an investment vehicle.

One of the main advantages of NFTs is that they allow physical objects, such as artwork, to be tokenized.

Additionally, NFTs offer greater liquidity for investors, making it easier to trade and sell their assets.

The Future of NFTs

NFTs offer a new way to represent and prove ownership of assets on the blockchain.

This technology has already been used for digital art, collectibles, and in-game assets, but it has the potential to be applied to a wide range of other industries as well. For example, tokenized real estate could provide a way for people to invest in property without the barriers to entry that currently exist.

High-end fashion brands like Louis Vuitton have also expressed interest in using NFTs to track the ownership of luxury items.

Additionally, NFTs can be used to tokenize certifications, degrees, and licenses, providing a way to securely track and maintain this sensitive data on the blockchain.

Overall, the potential applications for NFTs are nearly limitless.