#ThanksgivingBTCMoves

The Thanksgiving period has historically been volatile for Bitcoin. In 2020, there was the infamous “Thanksgiving Day Massacre,” when the price of Bitcoin dropped 17% in a matter of hours, from $19,500 to $16,2001. However, in 2021, Bitcoin has performed impressively, rising to around $58,927, a 214% increase from the previous year1.

Bitcoin is close to hitting the $100,000 mark in 2024, with analysts divided on whether we will see a new “Thanksgiving Day Massacre” or a continuation of the bull market2. Growing institutional participation and a more mature market are factors that could help stabilize the price1.