It is just two weeks away from the Spring Festival, and the crypto market is holding its breath again because there seems to be a correlation between Chinese New Year and the prices of cryptos, especially bitcoins. It is not surprising that crypto sell-offs will be triggered two or three weeks ahead of New Year holidays as a significant number of investors flock to exchange bitcoin for fiat currencies to fund the increased New Year-related spending, even though it is not easy for Chinese investors to cash out bitcoin due to the Chinese authorities’ blanket ban on virtual currency tradings. Actually, bitcoin’s price ... (full story)