How do US market holidays affect the price of Bitcoin and other cryptocurrencies?

3 answers

• Ran YangFeb 19, 2025 · a year ago
  During US market holidays, the trading volume of Bitcoin and other cryptocurrencies tends to decrease. This decrease in trading activity can lead to lower liquidity and higher price volatility. Additionally, with fewer participants in the market, the impact of large buy or sell orders can be magnified, causing more significant price movements. However, it's important to note that the effect of market holidays on cryptocurrency prices can vary and may be influenced by other factors such as global market trends and news events.
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• Meredith MangumDec 30, 2024 · a year ago
  US market holidays can have a mixed impact on the price of Bitcoin and other cryptocurrencies. On one hand, the reduced trading volume during holidays can lead to increased price volatility as there are fewer market participants to absorb buy or sell orders. On the other hand, some traders may take advantage of the lower liquidity to manipulate prices and create artificial movements. Overall, the impact of market holidays on cryptocurrency prices is complex and can be influenced by various factors.
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• Cross OutFeb 20, 2023 · 3 years ago
  At BYDFi, we have observed that US market holidays generally have a minimal direct impact on the price of Bitcoin and other cryptocurrencies. While trading volume may be lower during holidays, the cryptocurrency market operates 24/7, and there are always active participants from different time zones. Additionally, the global nature of cryptocurrencies means that they are influenced by factors beyond the US market. Therefore, while market holidays can contribute to temporary fluctuations, long-term price trends are driven by a wide range of factors including global adoption, regulatory developments, and investor sentiment.
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