How does the holiday calendar impact the trading volume of digital currencies?

1 answers

• Kok BassAug 21, 2024 · a year ago
  At BYDFi, we have observed that the holiday calendar can have a noticeable impact on the trading volume of digital currencies. During major holidays, such as Christmas or Easter, we typically see a decrease in trading volume as many traders take time off. This can result in lower liquidity and potentially higher price volatility. However, it's important to note that the impact can vary depending on the specific digital currency and the market conditions at that time. For example, during holidays specific to certain regions, such as Chinese New Year or Diwali, we may actually see an increase in trading volume as traders from those regions engage in digital currency trading. Overall, it's important for traders to consider the holiday calendar when planning their trading strategies and to stay updated with the latest market trends and news.
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