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Home » The United States is BUYING Cryptocurrencies WHILE ASIANS ARE SELLING them! WHY?

The United States is BUYING Cryptocurrencies WHILE ASIANS ARE SELLING them! WHY?

Hania by Hania
August 1, 2022
in Altcoin News, Bitcoin News, General News
Reading Time: 2 mins read
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The United States is BUYING Cryptocurrencies WHILE ASIANS ARE SELLING them! WHY
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Participants from the West are purchasing the same dump that Asians are selling of cryptocurrencies.

Ever since the introduction of Bitcoin, the first cryptocurrency, more and more ventures have rapidly emerged, each offering investors unique benefits or purposes. While some alternative coins advertise unmatched transaction speeds, others assert to have the lowest costs.

Other coins, such as the privacy-focused altcoin Monero (XMR), provide complete secrecy and airtight security. For consumers who have serious concerns about cybersecurity, Monero is a great coin because XMR transactions done through a specially encrypted Monero wallet are purportedly entirely anonymous and untraceable.

Fuel is being given to one specific speculation during fund switching: Asians are selling crypto, yet Western investors have been buying the same dump during the eastern trading hours.

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According to Metrics, the best times to invest in cryptocurrencies on the Bitcoin Network are during European and American business hours. It is believed that American investors use the services in the morning, whereas European investors hold off until later in the day.

Analysts have noted a decrease in the proportion of activity that occurs during Asian hours. The apparent decline in Bitcoin adoption in Asian markets began about a year ago, coinciding with China’s crackdown on cryptocurrency mining.

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Hania

Hania

Hania is a 30-year-old blogger who used to be a teacher before entering the world of writing. She is originally from India and has been writing blogs on various topics for 2 years now. Hania is particularly interested in exploring the intersections of finance, technology, and cryptocurrency. Her experience as a teacher has given her unique insights into the ways in which digital media can be used to facilitate learning and engagement. Through her writing, Hania hopes to share her knowledge and learning of crypto industry with everyone.

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