Bitcoin's Thanksgiving Slump: A New Era

Bitcoins Thanksgiving Performance: A Stark Contrast to Historical TrendsThis week, we delve into Bitcoins unusual performance around Thanksgiving. Historically, this period has seen significant gains, but this year, Bitcoin is down by twenty-three percent in the fourth quarter, with November being its worst-performing month since June 2022. Despite being in its seventh consecutive week of decline, Bitcoin has seen lower Thanksgiving prices in the past. However, this years significant influx of institutional investors has fundamentally altered the market, pushing retail investors to the sidelines and leading to massive liquidations.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.