According to an exhaustive analysis of historical crypto market data, the best day of the week to buy crypto is Sunday, with cryptocurrencies gaining 0.82% on average on the final day of the week. The second best day is Saturday, boastingan average increase in the value of crypto assets of 0.62%.
If you are involved in crypto trading, you’ve probably observed or heard about certain market patterns, such as, for instance, the repetitive debate over whether crypto usually goes up or down on weekends. But is there any truth to those claims, or are we just wired in a way to see patterns where there aren’t necessarily any?
In this article, we are going to showcase our findings on what is the best day to buy Bitcoin, Ethereum, and other cryptos, what is the best month to buy crypto assets, and what time of the week is best to sell crypto.
What is the best day of the week to buy crypto?
The best day of the week to buy crypto is Sunday, which has been showing strong gains across the board – since January 2016, the total cryptocurrency market cap increased by an average of 0.622% on Sunday, with Bitcoin gaining 0.011% and Ethereum 0.269% on average.
Interestingly, crypto assets have been showing stronger performance during weekends than on weekdays, with crypto as a whole performing the worst on Fridays.
Bitcoin Ethereum Tot. crypto market cap Monday 0.360% 0.640% 0.175% Tuesday 0.308% 0.281% 0.252% Wednesday 0.221% 0.623% 0.294% Thursday 0.158% 0.367% 0.183% Friday -0.015% -0.033% -0.007% Saturday 0.413% 0.595% 0.622% Sunday 0.011% 0.269% 0.816%
*Average daily value changes since Jan. 1st, 2016.
What is the best day to buy Bitcoin?
Over the years, Saturday has emerged as the best day of the week to buy Bitcoin, with the coin gaining 0.413% on average on that day. According to historical data, Monday is the second-best day to buy Bitcoin, thanks to an average increase of 0.360%. Friday is the only day of the week that Bitcoin has shown negative growth over the years.
Interestingly, out of the 50 biggest single-day spikes in the last 7 years, 10 occurred on Thursday, 9 each on Tuesday and Wednesday, 7 each on Monday and Saturday, 5 on Friday, and only 2 on Sunday.
What is the best day to buy Ethereum?
The best day to buy Ethereum is Monday, with the currency showing 0.640% average gains. Wednesday is a close second, thanks to an average daily increase of 0.623%. Similar to Bitcoin and the rest of the crypto market, Friday is the only day of the week that is showing negative gains for Ethereum.
What time of the week is best to sell crypto?
Judging from the CoinCodex historical crypto market data, the best day of the week to sell crypto is late Thursday / early Friday, as most crypto assets lose their value just before the end of the work week.
As a side note, you can easily calculate expected returns based on buy and sell prices as well as other investment information using our crypto profit calculator.
What is the best month to buy crypto?
The best month to buy crypto is October, and it is not particularly close – historically speaking, the crypto market increased by 1.446% during the 10th month of the year. Conversely, the worst month for the crypto market as a whole was September, which saw the total market cap decrease by 0.211% on average.
Bitcoin Ethereum Tot. crypto market cap January 0.058% 1.025% 0.156% February 0.416% 0.909% 0.402% March -0.003% 0.622% 0.084% April 0.454% 0.703% 0.617% May 0.243% 0.906% 0.393% June 0.022% -0.194% 0.203% July 0.370% 0.187% 0.109% August 0.153% 0.228% 0.281% September -0.190% -0.264% -0.211% October 0.601% 0.187% 1.446% November 0.050% -0.097% 0.115% December 0.349% 0.299% 0.443%
*Average monthly value changes since Jan. 2016.
What is the best month to buy Bitcoin?
The best month to buy Bitcoin is October, which has historically seen BTC gain 0.601% during the month. On the other hand of the spectrum is September, which is the worst month for Bitcoin, with an average monthly negative growth of 0.190%.
What is the best month to buy Ethereum?
With an average gain of 1.025%, January is the best month for Ethereum, followed by February and May, with more than 0.900% price increases. Interestingly, our price prediction algorithm forecasts a repeat of this trend in early 2024, with Ethereum potentially more than doubling in price this coming January.
Finally, like Bitcoin and the rest of the crypto market, September has historically been the worst month for Ethereum’s price.
What is the best year to buy crypto?
The question might not make sense at first, but the crypto market has historically been operating on a very clear 4-year cycle controlled primarily by Bitcoin halvings, preprogrammed events that halve the reward each miner receives upon creating a new Bitcoin block. The next halving is slated for March 2024 and will reduce rewards from 6.25 BTC to 3.125 BTC.
Historically, the price of Bitcoin (and other cryptocurrencies) has been closely related to the halving cycle – about one to two years after each halving, the price of Bitcoin reached a new ATH ($1,170 in 2013, $19,400 in 2017, $67,770 in 2021). According to our Bitcoin prediction, the ATH could come even faster than in previous halvings, with Bitcoin potentially surpassing $100,000 in April 2024.
The bottom line: There are relatively small differences between various days of the week, but they are noticeable
The differences between buying crypto between different days of the week, and even months, are relatively minor. However, that doesn’t mean that there aren’t clear long-term trends that crypto traders can leverage to enhance their trading strategy and optimize times to buy.
At the end of the day, the data shows that most days represent good opportunities to invest in crypto. This means that staying on top of fundamental developments should be a priority when debating when to invest in Bitcoin, Ethereum, or other crypto assets.
