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How do the yearly quarters by month affect cryptocurrency prices?

avatarstanislausfbDec 27, 2021 · 3 years ago1 answers

Can the time of year affect the price of cryptocurrencies? Specifically, how do the different quarters of the year, broken down by month, impact the prices of cryptocurrencies?

How do the yearly quarters by month affect cryptocurrency prices?

1 answers

  • avatarDec 27, 2021 · 3 years ago
    As an expert in the cryptocurrency industry, I can confirm that the yearly quarters by month do have an effect on cryptocurrency prices. However, it's important to note that the impact may vary depending on the specific cryptocurrency and market conditions. For example, Bitcoin has historically shown a pattern of increased price volatility during the fourth quarter, which includes October, November, and December. This can be attributed to factors such as increased trading activity, holiday season spending, and institutional investors adjusting their portfolios before the end of the year. Other cryptocurrencies may have different seasonal patterns, so it's crucial to conduct thorough research and analysis before making investment decisions.