In the context of cryptocurrencies, the crypto world runs on UTC.
In contrast to most financial exchanges, cryptocurrencies operate on a 24/7 basis.
Using a standardized time simplifies things greatly as cryptocurrency users are located across the globe and are trading in different time zones.
According to CryptoHash, 12am to 1am UTC is one of the most volatile hours for Bitcoin — and this may be because this period reflects the start of the evening in North America, and the beginning of Asia's working day.
Traders across all assets, including cryptocurrencies, often look to Asian markets for direction and often base their positions based on movements on the continent.
Another study by Forbes Digital Assets in 2019 identified 4pm UTC on a Wednesday as the most volatile timeframe for BTC across several exchanges.
The research found this time was 36% more volatile than the average of all time periods.
The research said this may have to do with the fact the time is right in the middle of the US working week.
On the other hand, the research identified the hours between 8am and 10am UTC on a Monday to be 35% less volatile compared with the average.
UTC literally stands for Universal Time Coordinated (though it is typically referred to as Coordinated Universal Time) and is the standard time common to every place in the world. It is also known as Greenwich Mean Time (GMT) and Zulu (Z). UTC is defined as the time at longitude 0 degrees, the prime meridian
prime meridian
In 1884, the International Meridian Conference took place in Washington, D.C. to establish an internationally-recognised single meridian. The meridian chosen was that which passed through the Airy transit circle at Greenwich, and it became the prime meridian of the world for a century.
https://en.wikipedia.org › wiki › Prime_meridian_(Greenwich)
UTC stands for Coordinated Universal Time. It is a standard used to establish time zones worldwide. For example, New York City is in the UTC-5 time zone, which means the time in NYC is five hours behind UTC (except during U.S. daylight savings, when it is four hours behind).
UT1, a version of Universal Time, is the Local Mean Time at the prime meridian in Greenwich, London. It is one of the components used to calculate Coordinated Universal Time (UTC), the time scale used to determine local times worldwide. LMT is also used by astronomers around the world to time their observations.
Add the local time offset to the UTC time. For example, if your local time offset is -5:00, and if the UTC time is shown as 11:00, add -5 to 11. The time setting when adjusted for offset is 06:00 (6:00 A.M.).
In UTC-8: Pacific Standard Time (PST). It covers the western region of the country: California, Washington, part of Nevada, Oregon, and Idaho. This time zone also covers part of Mexico and Canada.
Since 1972, UTC may be calculated by subtracting the accumulated leap seconds from International Atomic Time (TAI), which is a coordinate time scale tracking notional proper time on the rotating surface of the Earth (the geoid).
UTC serves to accommodate the timekeeping differences that arise between atomic time (which is derived from atomic clocks) and solar time (which is derived from astronomical measurements of Earth's rotation on its axis relative to the Sun).
If “furthest behind” means “has the largest negative timezone offset from UTC”, the answer is actually the USA, as some US islands in the central Pacific are in UTC -12:00: United States Minor Outlying Islands.
UTC literally stands for Universal Time Coordinated (though it is typically referred to as Coordinated Universal Time) and is the standard time common to every place in the world. It is also known as Greenwich Mean Time (GMT) and Zulu (Z). UTC is defined as the time at longitude 0 degrees, the prime meridian.
The time zone using UTC is sometimes denoted UTC±00:00 or by the letter Z—a reference to the equivalent nautical time zone (GMT), which has been denoted by a Z since about 1950.
Find the UTC time by subtracting the offset: 12:00 UTC. Then add the offset of the other time zone, in this case -6:00, giving the time 6:00. Subtract the first time zone offset from the second: -6:00 -8:00, giving -14:00, the difference in the time zone offsets.
Introduction: My name is Margart Wisoky, I am a gorgeous, shiny, successful, beautiful, adventurous, excited, pleasant person who loves writing and wants to share my knowledge and understanding with you.
We notice you're using an ad blocker
Without advertising income, we can't keep making this site awesome for you.
