MOST of us have already celebrated the New Year on January 1, but for the Chinese community the New year is happening now.
This year, it falls on Friday 16 February; however, festivities take place a couple of weeks either side of that date.
Like it or not, Asia very much still has a strangle hold on cryptocurrency trading. Any news from China, South Korea or Japan normally has huge impact on the prices of cryptocurrency.
Over the past four years we have seen a slow down in the lead up to the Chinese New Year, but once its over, more cash comes into the market and we start to see the start of the bull run.
Yes, China recently banned all cryptocurrency sites both foreign and domestic via their country-wide firewall. Have they worked out to VPN to other countries to get onto the exchanges?
It will be interesting to see what happens in the coming weeks. My opionion will be a steady bull run coming from increased money from China coming into the market, then seeing more people jumping n board with the FOMO.