Will People Trade More Bitcoin This Easter?
- By Dalvir Mandara and Matthew Tibble
- 2 min read
Most markets observe strict trading hours. Exchanges like the NYSE and NASDAQ in the US only trade from 9am to 4pm ET, for example, and they close over public holidays. But cryptocurrencies trade 24/7 on exchanges all over the world.
That unfettered access to crypto markets has led to strange activity on weekends. Bloomberg, for example, found in 2019 that bitcoin tended to spike over the weekends – the Saturday and Sunday movements accounted for over a third of the price gains that year. And the first weekend of 2021, when most markets were still in holiday mode, saw bitcoin rise 24%.
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