How does the fiscal quarter end affect the value of cryptocurrencies?

Can you explain how the fiscal quarter end impacts the value of cryptocurrencies? I'm curious to know if there is any correlation between the two.

1 answers
- At BYDFi, we've observed that the fiscal quarter end does have some impact on the value of cryptocurrencies. However, it's important to note that this impact is often short-term and may not necessarily reflect the long-term value of cryptocurrencies. Investors should consider a range of factors and conduct thorough research before making any investment decisions.
Mar 19, 2022 · 3 years ago
Related Tags
Hot Questions
- 97
What are the tax implications of using cryptocurrency?
- 97
Are there any special tax rules for crypto investors?
- 78
How can I protect my digital assets from hackers?
- 52
How can I minimize my tax liability when dealing with cryptocurrencies?
- 38
How does cryptocurrency affect my tax return?
- 35
What is the future of blockchain technology?
- 28
What are the best digital currencies to invest in right now?
- 26
What are the best practices for reporting cryptocurrency on my taxes?