$BTC $ETH Economic Impact of July 4th in the USA
🎆 Independence Day is one of the most profitable holidays of the year for the American economy:
- Consumer spending: It is estimated that Americans will spend over $7 billion on food, drinks, fireworks, and travel during the holiday.
- Tourism and hospitality: Hotels, restaurants, and tourist attractions see spikes in revenue.
- Retail and promotions: Major retail chains take advantage of the holiday to boost sales with special promotions.
- Sponsored events: Companies like banks and tech brands often sponsor events, injecting even more capital into the local economy.
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📈 Cryptocurrencies and July 4th: Trends from Recent Years
In the last 5 years, the period around July 4th has been positive for some cryptocurrencies, highlighting:
Year Cryptocurrencies on the Rise Main Reason
2021 Ethereum, Solana Growth of DeFi and NFTs
2022 Polygon, Aave Institutional partnerships and staking
2023 XRP, Solana ETF expectations and institutional use
2024 Ethereum, Aptos Technical updates and integration with banks
2025 Solana, Aave, USDT Sponsorships, use in events, and the rise of stablecoins
🔍 Solana and Ethereum continue to be highlights in July 2025:
- Solana (SOL): Gaining attention for its speed and speculation about ETFs with embedded yield.
- Ethereum (ETH): Benefiting from technical updates and increasing institutional use.
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💰 Are Cryptocurrencies Sponsors?
Although there is still no official confirmation that cryptocurrencies like Solana or Ethereum are sponsoring July 4th events, there is a growing trend of integration between the crypto sector and the traditional financial system, with banks like J.P. Morgan, Barclays, Credit Suisse, and Chase exploring blockchain-based solutions and stablecoins.
