common-close-0
BYDFi
Trade wherever you are!

How did customs holidays in 2015 impact the digital currency market?

avatarlingrdDec 26, 2021 · 3 years ago3 answers

What was the impact of customs holidays in 2015 on the digital currency market? How did it affect the trading volume and price of cryptocurrencies during that period?

How did customs holidays in 2015 impact the digital currency market?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    During the customs holidays in 2015, the digital currency market experienced a decrease in trading volume and a drop in cryptocurrency prices. This was mainly due to the reduced activity and liquidity in the market as many traders were away on vacation. As a result, the overall market sentiment was bearish, leading to a decline in prices. However, once the holidays were over and traders returned, the market gradually regained its momentum and prices started to recover.
  • avatarDec 26, 2021 · 3 years ago
    The impact of customs holidays in 2015 on the digital currency market was significant. With reduced trading activity and liquidity, the market experienced lower volatility and decreased trading volume. This resulted in a temporary slowdown in price movements and a lack of major market catalysts. However, it's important to note that the impact was temporary and the market quickly resumed its normal activity once the holidays were over.
  • avatarDec 26, 2021 · 3 years ago
    During the customs holidays in 2015, the digital currency market witnessed a decline in trading volume and a slight decrease in cryptocurrency prices. This can be attributed to the reduced participation of traders during the holiday period. However, it's worth noting that the impact was relatively minor and the market quickly recovered once traders returned to their normal trading activities.