Seasonal characteristics can be introduced into markets when sentiments and behaviors of investors are affected by scheduled events in the calendar. After the price rallies that happened in 2013 and 2017, we know that cryptocurrency markets are very reliant on the sentiment of people and barely anchored to any particular fundamental value except perhaps the cost of mining. Therefore, we can assume that calendar-related anomalies are likely to be present and BTC prices are likely to exhibit seasonal element. Similarly, ECB’s President Lagarde has expressed concerns about inflation levels exceeding the 2% target. Lagardes emphasis on inflation exceeding the ECBs 2% target highlights the issues that the European economy is facing. Summary giz201345en45violence45against464646 04629 MB 40 English 41