Bitcoin Gains Focused on North American Trading Hours in 2026, Asian Session Weighs on Performance

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On-chain data shows that Bitcoin briefly reached $96,000 in 2026, rising nearly 10% from the beginning of the year. Strong on-chain analysis indicates that most of the gains occurred during North American trading hours, contributing about 8% in returns. The Asian session had a negative impact on performance, while the European session added only 3%. This contrasts with late 2025, when Bitcoin dropped 20% during U.S. trading hours. Now, the strongest returns are occurring shortly after the U.S. market opens, reversing a six-month trend.

Odaily Planet Daily News: Bitcoin briefly hit $96,000, rising nearly 10% since early 2026. This upward trend was primarily driven by strong performance during the North American trading session. According to Velo data, Bitcoin's cumulative return during the North American session was approximately 8%. In contrast, the European session saw a modest price increase of about 3%, while the Asian trading session dragged on the overall performance.

This trend is in stark contrast to the situation at the end of 2025. At that time, Bitcoin fell as much as 20% during the North American trading session in late November, hitting a low of nearly $80,000. In the fourth quarter, Bitcoin often faced selling pressure at the opening of U.S. markets, while spot Bitcoin ETFs experienced outflows almost every day. Currently, the strongest returns are seen shortly after the U.S. market opens, a time that had been the weakest for Bitcoin performance over the past six months. (CoinDesk)

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