Bitcoin pumped to $106,000 on Sunday; Is a crash bound for Monday?
The theory that the cryptocurrency market tends to ‘pump’ on Sundays has been prevalent for a long time and has, relatively recently, received a ‘tail’ stating that the issue with such a weekend rally is that it is followed by a ‘Monday dump.’ When it comes to Bitcoin (BTC), Monday, December 16, appears particularly fertile ground for a downward correction. The world’s premier cryptocurrency has recorded multiple highs since Friday and even briefly crossed above $106,000 on December 15. BTC 1-day price chart. Source: Finbold BItcoin Sunday-Monday price action in late 2024 Looking at Bitcoin’s recent price history, the truth behind the saying appears, at best, dubious. Picks for you Xandeum wraps up Solana staking program with 205M XAND distributed in rewards 6 mins ago ...