What Drives Cryptocurrency Price Swings Around the Holidays?
We’ve been pondering the price swings of Bitcoin as the winter holiday season is ramped up in time for Christmas and the New Year. Following yet another swing this week, we’re left to wonder what drives volatility around holidays? Is it FOMO as the year end approaches? It is simply a seasonal or cyclical thing? As the holidays approach, cryptocurrencies usually see positive price movement – something that seems hard to deny when looking at the historical charts. In 2017, Bitcoin was trading around the $6K mark before Thanksgiving, but and by mid-December it was nudging $20K. We know that…