Which global holidays in 2024 are most likely to affect the cryptocurrency market?

3 answers

• RidevDec 24, 2024 · a year ago
  Global holidays in 2024, such as New Year's Day, Easter, Christmas, and other major holidays, are likely to affect the cryptocurrency market. During these holidays, trading volumes may decrease as investors take time off and liquidity may be lower than usual. This can lead to increased price volatility and potentially larger price swings. Cryptocurrency investors should be aware of these periods and adjust their trading strategies accordingly, considering the potential impact on liquidity and market sentiment.
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• Nour AmrFeb 22, 2024 · 2 years ago
  Holidays like Chinese New Year and Thanksgiving can have a significant impact on the cryptocurrency market. During Chinese New Year, for example, trading volumes from Asian markets may decrease as people take time off to celebrate. This can lead to lower liquidity and increased price volatility. Similarly, during Thanksgiving in the United States, trading volumes from American investors may decrease, impacting liquidity and potentially affecting cryptocurrency prices. It's important for investors to monitor these holidays and consider their potential impact on the market.
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• ecocedDec 16, 2021 · 4 years ago
  According to BYDFi, a leading cryptocurrency exchange, global holidays in 2024 that are most likely to affect the cryptocurrency market include New Year's Day, Chinese New Year, Easter, Thanksgiving, and Christmas. During these holidays, trading volumes may be lower than usual, leading to increased price volatility. Cryptocurrency investors should be cautious during these periods and consider the potential impact on market liquidity and sentiment. It's important to stay informed and adjust trading strategies accordingly.
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