Crypto Thanksgiving Feast: Digital Assets Poised to Gobble Up Traditional Finance This Week
While Wall Street naps on turkey comas, crypto markets feast on volatility
BITCOIN DEFIES TRADITIONAL MARKET HOURS
No holiday closures here—digital gold trades 24/7 while traditional markets take their Thanksgiving nap. Retail sales data? Tech earnings? Crypto's already pricing in next quarter's moves while traditional analysts are still chewing on last week's numbers.
DEFI EATS BANKING'S LUNCH
Decentralized protocols process more volume during holiday weeks than some regional banks handle all quarter. The only 'minimum wage' debate in crypto? Whether your yield farming strategy earns enough to retire by 2025.
BLACK FRIDAY MEETS BLOCKCHAIN
While shoppers queue for discount TVs, crypto investors scoop up digital assets at prices that'll make 2026's portfolio statements look like Christmas came early. The real sale? Traditional finance's outdated infrastructure—now 50% off and falling.
Smart money's already moved to the crypto table—the only question is whether traditional finance will get any leftovers.
TLDR
- Stock markets close Thursday for Thanksgiving, with shortened hours Friday at 1 PM ET for stocks and 2 PM ET for bonds
- September retail sales data, delayed by government shutdown, releases Tuesday ahead of Black Friday shopping
- Major earnings reports include Dell Technologies, Alibaba, John Deere, and Best Buy this week
- Tech stocks struggled last week with Nasdaq falling over 2% and S&P 500 down 1.5% despite strong Nvidia earnings
- Bitcoin dropped near $80,000, down almost 10% year-to-date, with crypto-focused stocks like Strategy down over 40%
The Thanksgiving holiday will shorten this week’s trading schedule. Stock markets close Thursday and finish early Friday at 1 PM ET.
Bond markets will close at 2 PM ET on Friday. The abbreviated schedule comes as investors process recent market volatility and await delayed economic data.
The September retail sales report releases Tuesday after delays from the government shutdown. This data arrives just before Black Friday, one of the year’s busiest shopping days.
The report will show whether consumer spending remained strong heading into the shutdown period. Investors are watching closely as the holiday shopping season begins.
Tech Stocks Show Weakness Despite Strong Results
Last week saw major market swings even after positive economic news. The tech-heavy Nasdaq Composite fell over 2% for the week.
The S&P 500 and Dow Jones Industrial Average each dropped about 1.5%. Thursday saw one of the biggest intraday reversals in a decade.
The S&P 500 flipped from a gain above 1.5% at opening to a loss exceeding 1.5% by close. The Nasdaq experienced an even larger swing.
Nvidia reported strong earnings Wednesday evening but the stock failed to hold gains. The chip maker’s shares fell 1% on Friday.
Meta and Oracle have lost more than 15% and 25% respectively in the past month. Microsoft stock dropped 9% over the same period.
Smaller chip companies like AMD and Intel lost closer to 10%. The weakness comes as concerns grow about AI infrastructure spending.
Major Earnings Reports This Week
Dell Technologies and HP report Tuesday after analysts downgraded both companies. The firms face higher component costs.
#earnings for the week of November 24, 2025https://t.co/hLn2sKQhEY$BABA $DELL $CLSK $SYM $WDAY $ZM $ANF $NIO $NTNX $ADI $ZS $KSS $DE $ADSK $AMBA $BBY $SMTC $PFLT $FLNC $PONY $SNEX $LI $WRD $PNNT $PD $KEYS $BURL $URBN $BLRX $CAAP $CHA $CLFD $AVXL $AMTM $ARWR $HPQ $MOV $NTAP… pic.twitter.com/nNuFG7SpM9
— Earnings Whispers (@eWhispers) November 21, 2025
Alibaba, the Chinese e-commerce giant, also reports Tuesday. Applied Digital, Autodesk, NetApp, and Zscaler round out Tuesday’s schedule.
John Deere reports Wednesday and will provide insight into construction and agriculture sectors. Best Buy and Kohl’s are among retailers reporting this week.
Workday reports for the first time since Elliott Investment Management disclosed a stake in the company. Zoom and Agilent report Monday.
Economic Data Catches Up After Shutdown
Tuesday brings the September Producer Price Index alongside retail sales data. The Conference Board releases its November consumer confidence reading Tuesday.
Weekly jobless claims data releases Wednesday. Last week’s employment report showed strong hiring.
Several reports originally scheduled this week face delays. These include third-quarter GDP, the October PCE Price Index, and October trade balance data.
The data backlog could complicate decisions for Federal Reserve officials. The Fed’s next interest rate decision is scheduled for December 10.
Pending home sales and durable goods orders for September are also on the calendar. The Chicago Fed national activity index for October releases Monday.
Crypto Markets Face Pressure
Bitcoin approached $80,000 at Friday’s lows, coming close to April’s low points. The cryptocurrency is down almost 10% year-to-date.
Strategy, which pioneered the digital asset treasury model, has fallen over 40% this year. The company focuses on acquiring Bitcoin as its primary business strategy.
Institutional investors added $348 billion in Nvidia holdings during the third quarter. Total institutional holdings for both Nvidia and Microsoft now exceed $2 trillion.
The government will work through remaining data backlogs in coming weeks. Markets remain focused on AI spending levels and infrastructure investment plans from major tech companies.
