How does the Thanksgiving holiday affect the cryptocurrency market?

1 answers

• Nov 27, 2021 · 3 years ago
  At BYDFi, we have observed that the Thanksgiving holiday typically leads to a decrease in trading volume in the cryptocurrency market. This can result in increased price volatility and potentially larger price movements. However, it's important to note that these effects are usually temporary and the market tends to stabilize once the holiday period is over. Traders should be cautious and consider the potential impact of reduced liquidity during this time. As always, it's important to conduct thorough research and analysis before making any trading decisions, especially during holiday periods.
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