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Bitcoin’s Fluctuation During Thanksgiving Over 5 Years

Price volatility during Thanksgiving: In 2020, Bitcoin fell 17% in a few hours, from 19,500 USD to 16,200 USD. This demonstrates the strong volatility during this holiday, attracting investors’ attention.

Bitcoin’s success in 2021: In 2021, Bitcoin reached around 58,927 USD, representing a 214% increase from the previous year. This reflects the growing appeal of Bitcoin as an investment channel.

Recovery in 2023: On Thanksgiving 2023, Bitcoin regained its momentum, increasing from 34,657 USD to 37,712 USD due to global loose monetary policies.

Forecast for 2024: Currently, Bitcoin is fluctuating near 100,000 USD, with many conflicting predictions from analysts regarding the next developments.

This is community-generated content, not advice from ONUS.
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