Why Bitcoin Sees Most Of Its Gains While US Traders are Asleep

Bitcoin tends to trend higher during weekends, according to Bespoke Investment Group. A hypothetical strategy that buys the coin at the equity-market close and sells it at the next day’s open yields 260% gains. Conversely, buying it at US market open and selling it at close spits out an advance of 3.6%. The coin even tends to rise during weekends when stock investors are resting or barbecuing or doing whatever weekend activities they’re fond of, the firm found. The firm's hypothetical strategy yields gains of roughly 260% going back to the start of 2020, the research group says. It also yields a similar advance of about 3.5% in the next five years of the same period. Source