How Does Chinese New Year Affect Cryptocurrency

Last Updated on February 4, 2024 by Paganoto

Effect Of Chinese New Year On The Price Of Crypto

Every year, when the China New Year holiday begins, the price of cryptocurrency is usually affected. For instance, in 2017, the price of Bitcoin dropped from $12,000 to $6000 while it experienced a steady fall from $4000 to $3350 in 2019.Jan 26, 2022

Bitcoin Price Drops because of Chinese New Year? – Boxmining

Chinese New Year (Lunar New Year) has strong influence on cryptocurrency prices, with Bitcoin prices decreasing in the months leading up to …

Does the Chinese New Year really affect Bitcoin's price?

“It’s been observed that Bitcoin make movements on the run up towards Chinese New Year. One may argue that Bitcoin moves up towards the Chinese …

Examining Chinese New Year Effect on Bitcoin Market

The ‘Chinese New Year effect’ are of based that despite the unfavorable regulations, majority of bitcoins are likely to be held by Chinese. The chart shown …

Chinese New Year and BTC – Currency.com

In further support of the calendar effect, while January has tended to see a fall in China cryptocurrency prices, February has often observed …

Does Bitcoin always decrease in value around the Chinese …

Bitcoin is dropping due to people cashing out to meet their expensive commitments for the Chinese New Year celebrations on the 16th February 2018. Historically, …

Why a Chinese New Year Sell-Off May Not Happen This Year

Some speculate the selling was triggered by bearish sentiment ahead of the new year.

CHINESE NEW YEAR AND BITCOIN PRICE HISTORY

Why I think 2021 Chinese New Year Would Not Result in Major Sell-Off For Crypto Industry

How the Chinese New Year Affects Bitcoin's Price – Quidax Blog

We’ve seen many questions about how the Chinese New year affects Bitcoin price and if there could be a drop. The short answer is yes.

Chinese New Year: Why Bitcoin And Crypto Are Set … – Forbes

“Data indicates bitcoin does not under perform preceding the Chinese New Year,” Krüger said, adding the period has historically been “nothing …

Paganoto

Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.