Many eagerly await weekends as a much-needed break from the workweek, but in the past, there have been claims that the weekends were one of the best times to trade and profit from Bitcoin volatil𝐆ity. Is this true? Well, like many other investments, it depends. There seem 🌃to always be drops in volume on these traditional days off, but generally, prices experience large swings in both directions no matter what day it is.

An analysis of data from 2022 and 2024 (through August) suggests that weekends provide Bitc👍oin trading opportunities similar to those of any other day of the ﷽week.

Here are some figures that ca🉐n help you decide whether or not to trade Bitcoin on the we𓃲ekend.

Methodology

Data was taken from CoinMarketCap, a popular cryptocurrency data aggregator. Prices were sampled from October 2017 to August 2024, taken at midnight each day. Average pr🐟ice and volume changes were measured for the five-year period and each weꦆekday from January 2022 to August 2024.

Bitcoin's Price and Volume Numbers

Bitcoin's average price rose rapidly from 2🌞017 to 2018, climbed significantlꦉy in 2021, dropped through 2023, then rose to new highs in 2024. The following table lists average prices for each year.

Average daily price ⛎and volume change data for 2022 to August 2024 was 🌺as follows:

Using only these figures, it appears that aജverage w𒁃eekend price changes are not much different from weekday changes. Volume tells a different story, but not in the way the average change figures present it.

Interpreting the Price and Volume Data

The following image shows Bitcoin's price (the blue line) and volume (at the bottom) for January through August 2024. The volume bars demonstrate lower weekend 澳洲幸运5官方开奖结果体彩网:trading volumes, followed by increased weekday tr🍸ading. Prices continued to be volatile throughout.

The next image is Bitcoin volume plotted on a graph using a spreadsheet. Notice it rises and falls according to the day. 💯In general, troughs usually form on Saturday or Sunday, followed by a peak that occurs sometime betwe🐭en Wednesday and Friday.

So, what does all this mean for weekend traders? Lower volume usually means less liquidity and fewer opportunities in a market already touted as 澳洲幸运5官方开奖结果体彩网:less liquid than other markets. Still, billions of dollars in Bitcoin are being traded on the weekend. Prices remain volatile with no indication of out-of-the-♎norm swings.

The image below shows prices on Saturday, Aug.24, 2024, in one-minute increments. On this particular Saturday, there were some opportunities for large profits from increases but also some significant drops that could cause losses. At 7:58 a.m., BTC's price was $64,366.13, but by 8:01 a.m., it was $64,296.37. You can also see that prices were all over the place through the morning and afternoon, demonstrating the legendary volatility cryptocurrency prices are known for.

The Bottom Line

Cryptocurrency trading is an around-the-clock activity, giving you the flexibility to trade anytime. Weekends may be a good time to trade if you're busy throughout the week and don't have time to trade—there are opportunities to profit. However, there are no indications that Bitcoin prices swing more on the weekends than the weekdays.

It is important t𓂃o understand that tradi𝕴ng volume was generally lower on weekends in 2022 and 2024 while prices continued rising and falling. Lower volume lessens liquidity in a market that is lower than the stock market, and the cryptocurrency market can turn on a dime. But for the trader who can tolerate risks and stick with their strategy, Bitcoin weekend trading provides some excellent (but risky) opportunities.

The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our  for more info. As of the date this article was written, the author does not own cryptocurrency.