How does the market behave on Good Friday with regards to cryptocurrencies?

3 answers

• Dec 17, 2021 · 3 years ago
  On Good Friday, the cryptocurrency market tends to experience lower trading volume and reduced market activity compared to regular trading days. This is because Good Friday is a public holiday observed in many countries, and financial markets, including cryptocurrency exchanges, may have limited operating hours or be completely closed. As a result, there are fewer participants actively trading cryptocurrencies, leading to decreased liquidity and potentially higher price volatility. Traders and investors should be aware of these market conditions and adjust their trading strategies accordingly.
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• Dec 17, 2021 · 3 years ago
  Good Friday is typically a quieter day for the cryptocurrency market. With many traders and investors taking the day off, trading volume tends to be lower than usual. This can result in increased price volatility, as smaller trades can have a larger impact on the market. It's important to note that not all exchanges may be closed on Good Friday, so there may still be some trading activity happening. However, it's generally a good idea to approach the market with caution and be prepared for potentially thinner order books and wider spreads.
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• Dec 17, 2021 · 3 years ago
  At BYDFi, we have observed that the cryptocurrency market tends to exhibit reduced trading activity on Good Friday. This is in line with the overall trend of lower market participation on public holidays. While some traders may still be active, the overall trading volume is typically lower compared to regular trading days. It's important for traders to consider these factors when making trading decisions on Good Friday, as lower liquidity can result in increased slippage and higher price volatility.
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