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Bitcoin operates 24/7, but traders measure performance differently.

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Many people think that the crypto market “closes” like the traditional stock market. The reality: Bitcoin trading never stops. Transactions run all day, every day.

Now, how do traders measure what happened? They use the “daily close” - basically, they divide the day into blocks of 24 hours that end at 00:00:00 UTC. They compare the current price with that of exactly 24 hours ago.

When does it move the most? Between 8 AM and 4 PM (local time). That's when there is the highest order volume.

About the candles:

  • A daily candle closes and opens new after 00:00:00 UTC
  • A weekly candle closes when the daily candle of Sunday closes.

Technical topic but useful if you want to understand why certain times have more volatility than others.

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