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.
Although I mostly agree with the idea that it has no correlating effect, and the occasion being celebrated by our Muslim brothers right now could not have anything to do with the decreasing value of coins in the market. I think that cryptocurrency having different factors that affects its value, may be affected by anything even this event that seems unrelated at all. So even if it is not big, there might be some little effects.