Despite 24/7 Trading: Bitcoin Investors are Taking off for the Weekend on Friday Already

Crypto-Statistics In the last issue of Seasonal Insights I have discussed how the S&P 500 Index performs on individual days of the week. In this issue I will show an analysis of the average cumulative annual returns of bitcoin on individual days of the week.
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It seems to me that bitcoin is particularly interesting for this type of study: it exhibits spectacular price gains, its is a very new instrument and it is unregulated. Moreover, it trades around the clock, even on weekends.
Given this setup, I found myself wondering: do prices rise uniformly? And does their performance on weekends differ from that on workdays?

This post was published at Acting-Man on September 14, 2017.