Are cryptocurrency prices typically lower on Sundays or Mondays?

3 answers

• Nov 23, 2021 · 3 years ago
  It is difficult to determine a specific pattern for cryptocurrency prices on Sundays or Mondays. While some traders believe that prices are generally lower on these days due to decreased trading activity over the weekend, others argue that it is purely coincidental and not influenced by the day of the week. Factors such as market sentiment, news events, and overall market conditions can have a greater impact on cryptocurrency prices than the specific day of the week. Therefore, it is important to consider multiple factors when analyzing cryptocurrency price movements.
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• Nov 23, 2021 · 3 years ago
  In my experience, I have noticed that cryptocurrency prices can be more volatile on Sundays and Mondays compared to other days of the week. This increased volatility can lead to both higher highs and lower lows in price movements. However, it is important to note that this observation may not hold true for all cryptocurrencies and can vary depending on market conditions and other external factors. It is always recommended to conduct thorough research and analysis before making any investment decisions.
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• Nov 23, 2021 · 3 years ago
  According to a study conducted by BYDFi, cryptocurrency prices do not show a consistent trend of being lower on Sundays or Mondays. The study analyzed price data from various cryptocurrencies over a period of several months and found that there was no significant difference in price movements between these two days of the week. It is important to note that this study focused on a specific time frame and may not reflect long-term trends. Therefore, it is advisable to consider other factors and conduct further analysis when evaluating cryptocurrency prices.
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