- Bitcoin (BTC) has shown mixed performance over the last 15 Thanksgiving weekends, with no clear pattern of rising or falling prices.
- In the past 15 years, BTC rose on eight Thanksgiving weekends and declined on seven, with an average return close to zero.
- During the last decade, the results split evenly with five rallies and five declines across Thanksgiving weekends.
- Historical percentage changes ranged widely, from a 16% gain in 2011 and 2015 to a 27% loss in 2010.
- Lower trading volumes and market inactivity during the U.S. Thanksgiving holiday contribute to unpredictable BTC price movements at this time.
This Thanksgiving, bitcoin (BTC) investors can note that the cryptocurrency’s returns during the holiday weekend show no consistent trend. An analysis of BTC price changes across the 15 Thanksgiving weekends since its inception indicates an evenly balanced record between gains and losses.
Over these 15 years, BTC increased in value on eight Thanksgiving weekends and declined on seven, with average returns close to zero. During the past decade, the results remain evenly split, with five weekends of gains and five with losses.
The percentage changes during these weekends have varied significantly, ranging from a sharp 16% rally in 2011 and 2015 to a 27% drop in 2010. In recent years, changes have been more muted, with returns typically less than a few percentage points either way.
Early in BTC’s history, its price showed extreme volatility due to its smaller market size and presence on less mature exchanges like New Liberty Standard, TradeHill, and MtGox. Large daily swings were common as the market was still developing. Over time, BTC’s growing size and liquidity reduced this volatility.
The analysis calculated BTC’s returns from the Wednesday close before each Thanksgiving through the Monday open after the weekend. The lack of consistent trends is attributed to factors linked with the U.S. national holiday, including limited trading volume, reduced banking access, and fewer corporate announcements.
For those interested, detailed data on each Thanksgiving weekend’s price change is available, showing some years with minor gains or losses and others with more pronounced shifts. More information on bitcoin’s market status can be found in reports such as Protos’ analysis and news updates on X, Bluesky, and Google News.
In summary, bitcoin’s price over Thanksgiving weekends provides no reliable pattern to expect gains or losses, reflecting the generally lower market activity and unpredictability during the holiday period.
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