Bitcoin Recovers Above $80K as CoinGecko Flags US Holidays for Strong Returns

On May 17, Bitcoin traded back above $80,000 after a brief dip below that level amid exchange outflows and long liquidations. The latest CoinGecko report reinforces findings first published the prior day, showing U.S. holidays deliver an average 0.77% next-day BTC return versus just 0.19% on non-holidays. New Year’s Day leads with a 2.01% average gain and 84.6% win rate, while holidays outperformed in 11 of the past 14 years. The study, covering May 2013 through early May 2026, suggests short-term timing opportunities around federal holidays despite broader market volatility and sell pressure from whales and derivatives.