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During the Chinese New Year, and the possible reasons why. This year, Chinese analysts are market makers and trading bots frozen for up to 2 responsible for the increase in celebrate with their families.
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Crypto Market Flash Crash - EXPLAINED - Chinese Lunar New Year \u0026 Cryptocurrency Correlation 2018The largest crypto rallied every time in the last 9 years by 11% on average around the Chinese New Year festivity, says 10X's Markus Thielen. Bitcoin is dropping due to people cashing out to meet their expensive commitments for the Chinese New Year celebrations on the 16th February. After the price rallies that happened in and , we know that cryptocurrency markets are very reliant on the sentiment of people and.
