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Ramadan's Impact on Cryptocurrency
Ramadan may influence crypto markets in **Muslim-majority regions** through:
1. **Reduced daytime trading activity** due to fasting and spiritual focus, with potential nighttime volatility post-Iftar.
2. **Selling pressure** from Muslims liquidating crypto to fulfill *Zakat* (charity) obligations or cover Eid expenses.
3. **Religious debates** about crypto’s *halal/haram* status, which could sway adoption (e.g., Indonesia’s 2021 crypto ban over ethical concerns).
4. **Localized liquidity shifts**, though global markets dominate, diluting broader impacts.
Historically, no consistent correlation exists between Ramadan and crypto price trends, as global factors (regulation, macroeconomics) overshadow seasonal effects. While minor regional fluctuations may occur, Ramadan’s direct impact on crypto remains **limited and nuanced**.$BLUR