Monday
Is the Best Day to Buy and Sell Bitcoin, CryptoCompare Research Shows
CryptoCompare research has
shown that Monday is the best day of the week to buy and sell bitcoin. Since
June of 2014, buying BTC on that specific weekday has led to a compounded
daily return of 445%, the next highest is Friday at 250% and the lowest is Wednesday
at 60%.
Tuesday and Sunday showed very
similar returns, with compounded daily returns of little over 100%. Notably,
Wednesday lags far behind with daily returns a little over 50%. The data also
shows that - on average - there's been no bad day of the week to buy and sell
BTC, as the returns were always positive.
