Bitcoin’s lack of a specific closing time is a feature that attracts investors. Users are free to trade Bitcoin whenever they want, unlike the stock market that sets trading hours and is closed on weekends. As a result, it is easy to identify when the Bitcoin market sees the biggest gains or losses. Europeans seem to be holding the biggest price record at the moment. Here are the details…
Surprising data on bitcoin and altcoins
As for where the bitcoin price has stopped, there are reports looking at the most active positions over the past eight months. According to the CoinRepublic report, there were glaring differences between them. Asia and the USA are the two busiest regions. Therefore, most of the losses were seen here. Asia has the highest percentage of cryptocurrency users of any continent. However, this failed to keep the Bitcoin price stable. It is also crucial to consider the fact that Bitcoin mining and related operations face strong opposition in these areas, with China expressly banning both.
Therefore, it is not shocking to see that in the last eight months, Bitcoin has fallen by 41.75 percent during the Asian period. The majority of cryptocurrency users are located in the United States, where there is also great interest among non-investors. Although much better than Asian times, it still lagged behind Europeans.
There is a loss in BTC investments in the USA
In the last eight months in the US, Bitcoin’s returns are estimated to have lost 24.93 percent. This is still much lower than losses in Europe. But it’s roughly 50 percent lower than losses in Asia. In terms of days, Asian time saw 42 days with positive returns of 1 percent or more, compared with 56 days out of 240 American hours. The European time zone has shown to be the most convenient of the three. Considering that Bitcoin returns have been negative 1.36% over the past eight months, there is a significant gap between Europe, the US and Asia. Europe is 41 percent better than Asian times and 32 percent better at US times.
However, Europe has a similar number of days with more than 1 percent returns on BTC. While it lasted 56 days in the US and 42 days in Asia, it only lived 57 days. The low 1.36% results show that the Bitcoin price has remained largely stable across Europe. In the meantime, as we have reported as Kriptokoin.com, the Bitcoin price seems to close the week below $ 20,000. The largest cryptocurrency by market cap has managed to sustain above $20,000 for a while. However, it broke that level to the downside on Friday.
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