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Analysis: Bitcoin's 2026 Price Increase Concentrated in North American Trading Hours, Dragged Down by Asian Sessions
Summary: According to CoinDesk, Bitcoin briefly hit $96,000, with a cumulative increase of nearly 10% since 2026, mainly driven by strong performance during North American trading hours. Velo data shows Bitcoin's cumulative return rate during North American hours is around 8%. In contrast, the European session saw a mild increase of about 3%, while the Asian ...
According to CoinDesk, Bitcoin briefly hit $96,000, with a cumulative increase of nearly 10% since 2026, mainly driven by strong performance during North American trading hours. Velo data shows Bitcoin's cumulative return rate during North American hours is around 8%. In contrast, the European session saw a mild increase of about 3%, while the Asian trading session dragged down overall performance. This trend is in stark contrast to the situation at the end of 2025, when Bitcoin dropped by as much as 20% during the North American trading hours in late November, hitting a low of nearly $80,000. The strongest returns are currently seen shortly after the US market opens, a period that has been the weakest for Bitcoin performance in the past six months. The performance during US trading hours does not necessarily reflect the trading activity of US investors, as the price movements during these hours reflect the fluctuations on US domestic trading platforms and overseas exchanges like Binance. Therefore, the strong returns during US market hours may coexist with Coinbase's premium, indicating that the demand may come from global participants rather than domestic US buyers.
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Link: Analysis: Bitcoin's 2026 Price Increase Concentrated in North American Trading Hours, Dragged Down by Asian Sessions [Copy]
