*How International Women's Day Affects the Cryptocurrency Market*

March 8th is a traditional day when men give gifts to women, leading to increased spending against the backdrop of rising prices of goods. In conditions of economic instability and rising costs, many turn to cryptocurrencies such as Bitcoin to cover gift expenses. As a result, digital asset holders often withdraw funds, which affects the cryptocurrency market.

One of the reasons for this is inflation and the high cost of everyday goods. To address financial issues, people often sell their cryptocurrencies, which increases supply in the market. This leads to a temporary decrease in cryptocurrency prices.

The cryptocurrency system reacts to such mass sales as an asset dump. When a large number of people start selling off their digital currencies, prices may temporarily fall. However, such trends are usually short-term, and the market can recover after downturns.

Thus, the connection between holidays and the cryptocurrency market is evident. Although a decrease in cryptocurrency prices in the short term is possible, it is important to remember that such changes are temporary.$BTC