#ThanksgivingBTCMoves $BTC $ETH

However, Nicole Tanenbaum, partner and chief investment strategist at Chequers Financial Management, said Trump's crypto allies could bring greater clarity to the asset class.

"Today's high interest rate environment creates a different dynamic," Tanenbaum said, "with many starting to question how long the Trump trade euphoria may last, with markets pricing in high expectations at elevated valuations."

The conditions of bitcoin's 2024 tear are different than in prior episodes. And the not-so-distant outcomes may or may not be the same.

But what isn't in doubt is another season of holiday dinner talk.

And a fresh batch of post-Biden devotees rubbing elbows with the old hands and thawed-out winter survivors is expected to bring multigenerational bitcoin trauma — and exuberance — to the table this year.

Hamza Shaban is a reporter for Yahoo Finance covering markets and the economy. Follow Hamza on X