How do fiscal year quarters affect the performance of cryptocurrencies?

3 answers

• Thế Vinh LươngJun 10, 2024 · a year ago
  Yes, the performance of cryptocurrencies can be influenced by the fiscal year quarters. During certain quarters, there may be increased buying or selling pressure due to factors such as tax season or quarterly financial reporting. This can impact the demand and supply dynamics of cryptocurrencies, leading to price fluctuations. Additionally, market sentiment and investor behavior may also be influenced by the overall economic conditions during specific quarters. It's important for investors to be aware of these seasonal trends and consider them when making investment decisions.
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• Luan Gustavo Altruda FilipovDec 24, 2021 · 3 years ago
  Definitely! The performance of cryptocurrencies can be affected by the fiscal year quarters. For example, during the first quarter, there is often a surge in buying activity as investors allocate funds for the new year. On the other hand, the fourth quarter, especially around tax season, can see increased selling pressure as investors cash out to cover their tax liabilities. These patterns can create volatility in the market and impact the performance of cryptocurrencies.
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• Qing ChenFeb 12, 2024 · a year ago
  Absolutely! Fiscal year quarters can have a significant impact on the performance of cryptocurrencies. At BYDFi, we have observed that certain quarters, such as the fourth quarter, tend to be more volatile due to tax-related factors. Investors may strategically buy or sell cryptocurrencies to optimize their tax positions, leading to fluctuations in prices. It's crucial for traders to stay informed about these seasonal trends and adjust their strategies accordingly to take advantage of potential opportunities.
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