Does the stock market open on memorial day? (Cryptocurrency: BTC-USD)

Traders will have plenty of time to decorate the graves of the American military dead on Monday as all US stock exchanges will be closed on the day in observance of the Memorial Day holiday.

Trade course Cryptocurrencies never close and will be available throughout the holiday. In fact, low US holiday trading volume has led to some trade volatility in recent years, which may provide ample trading opportunities. According to Bloomberg, the size of the cryptocurrency market Down 43% and 35% on vacation in 2020 and 2021Straight.

The cryptocurrency space has been battered in 2022, especially after the collapse of the algorithmic stablecoin TerraUSD (UST-USD) and its sister coin Luna (LUNA-USD) in recent weeks. Bitcoin (BTC-USD) and Ethereum (ETH-USD) are down more than 40% since the beginning of the year.

what do you want to watch: While the holiday will close markets in the US, there are still important reports elsewhere. Eurozone business climate and consumer confidence are due out today, along with German inflation estimates. The preliminary estimate of the European Consumer Confidence Index fell 0.4 points from April and remains “well below the long-term average”. Inflation on the continent has been a prominent concern since the start of the Russian invasion of Ukraine, and its development has only increased as European lawmakers seek to wean their economies off Russian oil and gas.

While Chinese social media giant Weibo was initially scheduled to report earnings on Monday, the company reported its earnings the following day in an announcement on Friday.