Throughout May 2019, Bitcoin saw an exuberant run-up in price, reminiscent to parts of 2017. Interestingly, since the beginning of May, weekends have hosted a large amount of bullish action for crypto’s largest asset.
More Or Less Drama On Weekends?
Cryptocurrency markets run 24/7. Since the introduction of Bitcoin futures trading, however, weekends have often posted less activity than weekdays, according to a 2018 Crypto Street podcast interview with trading expert Nicola Duke. Speaking on parallels between traditional markets and the crypto space, Duke noted she saw a difference in the crypto markets once Bitcoin futures saw introduction.
Bitcoin sustained a sizeable drop in price on the weekend of November 24 and 25 of 2018. Referencing Saturday, November 24, Duke said, “We’d…