According to our exhaustive analysis of historical crypto market data, the best day of the week to buy crypto is Sunday, with cryptocurrencies gaining 0.75% on average on each final day of the week. The second best day is Saturday, boastingan average increase in the value of crypto assets of 0.56%.
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?
For the purposes of this report, we analyzed trading data dating back to January 2016.Bitcoin and Ethereum were analyzed separately, whereas we settled on the total crypto market cap as an indicator of general crypto performance. It might not be the most optimal metric, but it does capture market trends beyond BTC and ETH effectively.
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. Armed with these findings and ourweekly updated list of the best cryptocurrencies to buy, you'll hopefully be able to make better investment decisions going forward.
Key highlights:
- When talking about the best days and months to buy Bitcoin and other crypto assets, we focused on highlighting the best-performing days and months. Technically speaking, you could try to time your trading activity to string together a number of historically positive days/months, which could be more profitable over the long run.
- Sunday and Saturday are the best days to buy crypto, with average gains of 0.75% and 0.56%, respectively, outperforming weekdays.
- May emerges as the most profitable month to invest in crypto, historically showing a 19.45% market increase, while October is the least favorable.
- The ideal time to purchase cryptocurrency is during the late hours of Friday or early hours of high-performing days, leveraging the weekly performance trends.
- Despite minor differences in daily and monthly crypto market trends, these patterns offer valuable insights for optimizing investment strategies.
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 0.745% on Sunday, with Bitcoin gaining 0.028% and Ethereum 0.256% on the final day of the week.
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 | 0.323% | 0.547% | 0.144% |
| Tuesday | 0.355% | 0.276% | 0.268% |
| Wednesday | 0.239% | 0.584% | 0.301% |
| Thursday | 0.153% | 0.365% | 0.183% |
| Friday | -0.038% | 0.006% | -0.008% |
| Saturday | 0.364% | 0.529% | 0.561% |
| Sunday | 0.028% | 0.256% | 0.745% |
*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 0.364% on average on that day. According to historical data, Tuesday is the second-best day to buy Bitcoin due 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 Wednesday, with the currency showing 0.584% average gains. Monday is a close second, thanks to an average daily increase of 0.547%. 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 is the best time to buy crypto?
Generally speaking, the best time of day to buy crypto is in the late hours on the day that crypto performs the worst, or in the early hours on days when it performs well.
Data shows that the best time to buy cryptocurrency is in the late hours of Friday (speaking for the UTC time zone). The reason for this is simple – digital assets perform the worst on Fridays and usually gain steam over the weekend.
What day 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. You could also approach things from a different perspective and look to sell crypto toward the end of the most profitable days, such as on Saturday and Sunday.
What is the best month to buy crypto?
The best month to buy crypto is May, and it is not particularly close – historically speaking, the crypto market increased by 19.45% during the 5th month of the year. Conversely, the worst month for the crypto market as a whole was October, which saw the total market cap decrease by -5.77% on average.
| Bitcoin | Ethereum | Tot. crypto market cap | |
|---|---|---|---|
| January | 10.21% | 8.54% | 15.10% |
| February | 2.08% | 39.28% | 4.45% |
| March | 13.54% | 38.05% | 12.91% |
| April | -2.34% | 31.40% | 1.35% |
| May | 14.67% | 26.12% | 19.46% |
| June | 10.29% | 34.29% | 17.63% |
| July | 0.73% | -8.08% | -1.09% |
| August | 9.98% | 8.84% | 7.92% |
| September | 5.69% | 9.90% | 9.25% |
| October | -4.31% | -9.81% | -5.77% |
| November | 21.17% | 5.15% | 14.40% |
| December | 4.59% | 3.80% | 7.67% |
*Average monthly value changes since Jan. 2016.
What is the best month to buy Bitcoin?
The best month to buy Bitcoin is November, which has historically seen BTC gain 21.17% during the month. On the other hand of the spectrum is October, which is the worst month for Bitcoin, with an average monthly negative growth of -4.31%.
What is the best month to buy Ethereum?
With an average gain of 39.28% over the past 7 years, February is the best month for Ethereum, followed by March and June, with more than 30% price increases. Interestingly, our price prediction algorithm forecasts a repeat of this trend in early 2024, with Ethereum potentially gaining close to 40%in the spring of 2024.
Finally, like Bitcoin and the rest of the crypto market, October 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 April 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). Going from historical data, the best years to buy crypto are the years when Bitcoin halving takes place, as they have always been followed by market rallies.
The bottom line: There are relatively minor differences between various days of the week, but they are not irrelevant
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, with only Friday standing out as the day when most crypto assets lose value.
