How does crypto typically trade over Thanksgiving holidays?

Crypto tends to exhibit distinct trading patterns over Thanksgiving holidays, which can be summarized as follows:

1. **Increased Volatility**: Historical data shows that Bitcoin and other cryptocurrencies often experience increased volatility during Thanksgiving. This is partly due to reduced trading volumes as market participants take time off, leading to price swings.
2. **Positive Bias for Bitcoin**: There is a historical tendency for Bitcoin prices to rise during Thanksgiving. This is attributed to a combination of factors, including increased speculation, retail investor interest, and potential shifts in investment strategy as investors prepare for the holiday season.
3. **Ethereum's Rising Interest**: Specifically, Ethereum (ETH) has seen a surge in Google searches, indicating heightened interest among investors. This could be due to increased discussions about crypto at family gatherings, leading to higher trading activity and price movements.
4. **Psychological Price Barriers**: Experts suggest that Bitcoin is nearing critical psychological price points, such as $90,000 and $100,000. The "Thanksgiving effect" could facilitate a break through these barriers, as investors might be more inclined to invest in crypto after expressing their gains to family members.
5. **Retail Capital Influx**: The Thanksgiving holiday period often marks a time when retail investors, having received crypto as gifts or having gained profits, may decide to invest further in the market. This influx of retail capital can amplify price movements.

In conclusion, crypto trading over Thanksgiving holidays is characterized by increased volatility, a positive bias for Bitcoin, rising interest in Ethereum, and potential large-scale movements due to the influx of retail capital.