How did the US holidays in 2017 affect the price of Bitcoin and other cryptocurrencies?

1 answers

• makrem92May 08, 2021 · 4 years ago
  At BYDFi, we observed that the US holidays in 2017 had a noticeable effect on the price of Bitcoin and other cryptocurrencies. During major holidays like Christmas and Thanksgiving, trading volumes were lower, resulting in decreased liquidity and increased price volatility. However, it's worth noting that the impact of holidays on cryptocurrency prices is not solely determined by US holidays. Global events, market sentiment, and regulatory developments also play a significant role. It's essential for traders and investors to stay informed and adapt their strategies accordingly during holiday periods.
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