Why Is the Cryptocurrency Market so Volatile on the Weekends?

[Filo]

It’s been known that the cryptocurrency market tends to be more volatile during the weekend, but analysts are confused as to why.

The cryptocurrency market is unique in that it is on 24/7. Unlike traditional markets like stocks, cryptocurrency trading never sleeps. If you’ve been around since 2017, you might also have noticed that it is during the weekends that volatility tends to be more apparent. In fact, it was commonly called the inevitable “weekend dip.”

The truth is, however, this assumption is actually not based on reality. The only consistency has been that weekends are usually a time of great volatility — with no way to predict it. Take, for example, just the past few months: 40 percent of Bitcoin’s price gains have occurred on the weekends since May. In 2017, Bitcoin reached its all-time-high on a Saturday in December 2017. Both of these examples point to more than mere coincidence.

Read more : https://beincrypto.com/why-is-the-cryptocurrency-market-so-volatile-on-the-weekends/

Do you agree that weekends tend to especially volatile for the cryptocurrency market?

Thanks for this info. +1


Agree with others. Because most of us are not working on weekends we trade and it increases volatility.

[Cryptoz]

The market condition on weekdays and weekends are different. yeah, I also agree with you. It has some changes when the weekends always shave higher price but it is more volatile, I think that on weekends, many more people concern to trade on crypto. That is why because of the trading activities, the prices change easily

[Alter]

People seem to prefer trading at weekends because they will have more time. On weekdays, they are working with their real life jobs, it makes a little time to trade. While at the weekends, they have free time and more time to trade their coins.

[aji678]

I see the market movements on Monday starting to turn green, but after entering the weekend it tends to go down. maybe most people on weekends spend their time on vacation, not looking at their assets and pause trading. me too.

[ZionRTZ]

Some people forget that crypto is not only for grown ups. There are a lot of students now who are also trading. Thus, aside from those who have day jobs, they also add to the trading volume during weekends.