It’s Bitcoin Holiday Season?
#Bitcoin trading volume tends to spike by an estimated 15% during the week leading up to major holidays.
Whether it’s Christmas, Hanukkah, New Year’s Eve, or Chinese New Year, holidays seem to spark increased activity. Why?
1. Extra Time: People have more time to trade or invest during the holiday season.
2. Holiday Bonuses: Extra cash might flow into Bitcoin as a speculative investment.
3. Digital Gifting: Bitcoin is becoming a modern gift for the tech-savvy.
4. Market Optimism: Similar to the “Santa Claus rally” in traditional finance, year-end optimism might drive buying pressure, plus everyone is ready to cheer for that $100k mark.
