With Eid just around the corner across the globe...
Are mulims in crypto space selling and taking their money out from crypto space to buy gifts for their loved ones causing market down?
With due RESPECT, Muslim celebration is no relation on the Bitcoin price, please read the indicators why Bitcoin price goes up and goes down, you posted question is a bit sensitive one to post on this treed. Remember Market is Volatile, anything can happened at any given time, market react base on the Volume of investment put in by numbers of investors in the trading market and had NO RELATION on this Celebration even if we consider that they use Bitcoin to buy gift or what ever it is just a fraction of the market cap.in trading market would be posted.
You have a point but its not far from the truth that muslims who has bitcoin investments might use some of their money from the cryto space due to this celebration because it is important to them. But yes if this happens for sure its not the reason why the price will deteriorate.