Memorial Day surge: Bitcoin hits $70K as U.S. stock markets pause

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While the U.S. Stock Market was closed on Memorial Day, the cryptocurrency market was thriving where BTC and ETH showed remarkable surges.

On the 27th of May, while the United States celebrated Memorial Day, an interesting disparity emerged in the financial markets.

“Based on seasonality data, we tend to rally the week post memorial day, expect a bullish week ahead.”report, the crypto market volume dropped by 43% in 2020 and 35% in 2021 during the Memorial Day period, suggesting that activity is typically low during this holiday.

 

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