What is this move actually??
Thanksgiving in the U.S. typically sees fewer market activities due to holidays, but its effects on Bitcoin (BTC) and other cryptocurrencies can still be observed. Here's a quick look at how this could influence Indian investors and traders in BTC:
Lower Volume & Volatility: During U.S. holidays like Thanksgiving, the markets often experience lower trading volumes, which can lead to higher volatility. Indian traders might see more unpredictable price swings as U.S. investors take a break.
International Market Sentiment: Thanksgiving may lead to a slowdown in global financial markets, including Bitcoin, which is heavily impacted by global sentiment. Indian investors may find that global BTC trends could offer buying or selling opportunities based on market reactions after the holiday.
Correlation with U.S. Markets: BTC prices often correlate with U.S. stock market trends. If the U.S. stock market experiences a rally or dip during Thanksgiving week, it could influence Bitcoin's performance globally, affecting Indian markets as well.
Cross-Border Trading: Given that Bitcoin operates 24/7, Indian investors can continue trading through crypto exchanges like WazirX, CoinDCX, etc., even if U.S. markets are less active.
while Thanksgiving itself doesn't directly impact the Indian market, its effect on global liquidity and sentiment can lead to price fluctuations that Indian traders should be aware of.
