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Lunar New Year: Why Bitcoin And Crypto Are Set For ‘Fireworks’

From forbes.com

Bitcoin traders and investors have been warned to expect bitcoin volatility this weekend due to Lunar New Year celebrations in China. The bitcoin price has this week given up some of its early 2020 gains after climbing above $9,000 per bitcoin last weekend, dropping almost 10% over the last seven days—and falling further yesterday following a sharp change in bitcoin sentiment."The Year of the Rat starts this weekend. Time for bitcoin volatility and volumes to nose dive," Arthur Hayes, the chief executive of the Seychelles-based bitcoin and cryptocurrency exchange Bitmex, said via Twitter. Lunar New Year ... (full story)

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  • Category: Fundamental Analysis