Why Bitcoin prices tend to move aggressively on weekends90

Recent Bloomberg data revealed that spikes in weekend trading activity since May accounted for 40 percent of Bitcoin’s price gains this entire year. With crypto exchanges operating 24/7, and short term traders using Saturdays and Sundays to get ahead of the competition, weekends have become a Wild West for the crypto market.

While traditional stock markets see all activity halt on Friday afternoons, crypto trading is a world of its own. As cryptocurrency exchanges are open 24/7, 365 days a year, and moving cryptocurrencies does not require human facilitation—trading can truly happen around the clock.

Original source
https://cryptoslate.com/why-bitcoin-prices-tend-to-move-aggressively-on-weekends/

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