Picture this: You trade all year. You’ve seen so many red days in crypto that your eyes have become permanently red. Your current strategy is just not working and you don’t know what to do. Your friend Ola sleeps all the time, doesn’t take crypto seriously but manages to make more profit even though he trades once in a while.
Ola knows something that you don’t know and here it is: Crypto might be unpredictable but there are a few days on which you can predict exactly what will happen in the crypto market. So grab a drink and get comfy because I’m about to blow your mind. Here are the top 7 crypto days to look out for every year.
1. Christmas/End of the Year Rally: Around 25th of December
On the first day of Christmas, my crypto gave to me….
No but seriously, if not Christmas, then when? Well, the festive period is a good time in the crypto calendar year to dust off your portfolio and trade. Between 2015 and 2020, Bitcoin’s price grew every year during christmas. This didn’t happen in 2021 because of the Omicron variant of COVID-19. Still, we noticed that Bitcoin value rose between December 23 and 24.
Most people believe that Bitcoin generally rises towards the end of the year because stocks and other markets are usually closed. Investors still want to make money during this season, so they turn to crypto instead.
2. Bitcoin Anniversary: January 3rd
Hellooooo! Of course Bitcoin is going to go up on its Birthday. So back story: on January 3, 2009, Satoshi Nakamoto mined the first block of Bitcoin transactions. So, Bitcoin has celebrated its birthday on the 3rd of January every year since then.
In more recent years, including 2020 and 2021, Bitcoin’s value has increased on this day. This increase has mostly been because crypto adoption continues to rise every year.
3. Bitcoin Whitepaper Anniversary: 31st of October
Like the Queen of England, Bitcoin seems to have two birthdays every year. The first is January 3rd, when the Genesis Block was mined, while the second is October 31st.
While everyone was celebrating Halloween in 2008, Satoshi Nakamoto published the Bitcoin whitepaper for the first time and the rest, is history. So, while some celebrate Bitcoin’s birthday on January 3rd, others do so on October 31st.
History shows that Bitcoin alway records a huge gain on this day as well. Everyone’s celebrating the coin’s birthday, so many investors buy it to show some love.
So maybe next Halloween, you can go trick-or-treating with your crypto wallet on the Quidax exchange, instead of running around with a pumpkin head.
4. New Year’s Day: 1st of January
While others are screaming ‘Happy New Year’, should you be trading your crypto? Well, maybe, because Bitcoin tends to always see a jump in price on the first day of the year.
Over the years, we were able to find that:
- On New Year’s Day 2022, Bitcoin’s value gained 2.96%
- On New Year’s Day 2021, Bitcoin’s value gained by 1.21%
- On New Year’s Day 2020, Bitcoin’s value jumped by 0.80%
Surely, this can’t be a coincidence, right?
5. Chinese New Year: Changes every year
*Ann-other day that affects crypto prices*
Why are you not laughing? Moving on…
Unlike the conventional New Year, the Chinese New Year varies from year to year. However, over the years, crypto prices have always decreased in the days leading up to the Chinese New Year.
- In 2017, Bitcoin dropped from $12,000 to $6,000
- In 2019, Bitcoin also dropped from $,4000 to $3,350
There are several theories on why Bitcoin’s price drops during this period.
One such theory is that during this period, a lot of Chinese people want to have cash at hand – not crypto. So, they go ahead to sell their coins instead. This causes prices to drop.
6. Mid-year Bear Market: Annually around June
First off, what is a bear market? A bear market is when crypto prices start dropping because people are selling more than buying.
Over the years, coin prices tend to drop towards the middle of the year. Usually, April, May, and June aren’t so great for the market. Look out for the “buy the dip” tweets during these months.
7. Late year Rally: Annually around November
There’s at least a 50% chance that crypto prices go up around November each year! It’s been pretty consistent since 2015. Between 2015 and 2021, Bitcoin’s price has only dropped in November for three years – 2018 2019, and 2021.
There you have it! Is your mind blown? Well, I hope so. Bear in mind that, while the dates in this article have been gathered using historical data, they are not 100% certain. But it pays to note these days that affect crypto prices in your calendar as history sure loves to repeat itself.
Trade Crypto the Right Way
While noting the important days in the year is smart, being prepared before those days come is even smarter. Preparing can take 3 forms:
- Learning the basics about crypto trading like we teach in our free 10-minute crypto beginners course.
- Doing a ton of research. Don’t know where to start from? Here’s our simple guide to doing your own crypto research.
- Signing up on a reliable exchange that gives you the option to buy or sell a cryptocurrency in seconds. On Quidax, we have a price alert feature that you can use to monitor the prices of crypto even when you’re sleeping, relaxing, or partying. No need to check your screen a million times.
Quidax is a great starting point for everyone. We keep things simple, fast, and fresh so hit the button below to get started.