How do yearly business quarters affect the performance of digital currencies?

1 answers

• Dec 25, 2021 · 3 years ago
  At BYDFi, we have observed that the performance of digital currencies can indeed be influenced by the different business quarters of the year. During the first quarter, we often see a surge in trading volume and price appreciation as investors and traders return from the holiday season and start actively participating in the market. This increased activity can create positive momentum for digital currencies. However, during the second and third quarters, the market tends to stabilize as the initial excitement subsides and investors take a more cautious approach. Finally, in the fourth quarter, we often see increased volatility and trading activity as investors make year-end adjustments to their portfolios. It's important to note that while the business quarters can have an impact on the performance of digital currencies, other factors such as market trends, regulatory developments, and investor sentiment also play a significant role.
  947474