tldr; Coin Metrics has analyzed the daily variation in on-chain activity for Bitcoin, Bitcoin Cash, Tether, and other stablecoins. USDC activity is highly concentrated during US market hours while USDT activity is centered around Asian and European market hours. Bitcoin Cash has three clusters at 3:00, 12:00 and 20:00 UTC, while Litecoin exhibits some interesting behavior clustering between 1:00-3:00.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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