Bitcoin’s Black Friday: Will November's End Affect the Crypto Market?
Date: 2023-11-24 Author: Dima Zakharov Categories: BUSINESS
Historical Black Friday Impact
In 2020, Black Friday fell on November 27th. From the 1st to the 25th of November, Bitcoin soared by 48%. However, a few days before Black Friday, Bitcoin's price dipped by 17%. Despite a strong month-long surge, there was a market correction and decline just before the event.
Black Friday Trends in 2021
In 2021, Black Friday occurred on November 26th. Bitcoin experienced a 16% surge at the beginning of the month. By the end of November, Bitcoin's value had plummeted by nearly 15%, with a further 10% drop on November 26th. This reaffirmed the pattern of a market decline preceding Black Friday in November 2021.
