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TagsWhat impact does Memorial Day have on the price of popular cryptocurrencies like Bitcoin and Ethereum?
muhammad faridDec 26, 2021 · 3 years ago1 answersHow does Memorial Day affect the price of popular cryptocurrencies such as Bitcoin and Ethereum?
1 answers
- At BYDFi, we have observed that Memorial Day can have a slight impact on the price of popular cryptocurrencies like Bitcoin and Ethereum. During Memorial Day weekend, we have noticed increased trading activity, which can lead to higher volatility in the cryptocurrency market. However, it's important to note that this impact is usually short-term and the overall price trend of Bitcoin and Ethereum is determined by a wide range of factors. Therefore, while Memorial Day may create some trading opportunities, it's crucial to conduct thorough analysis and consider other market indicators before making any investment decisions.Dec 26, 2021 · 3 years ago
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