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Is Bitcoin Affected By Chinese New Year?
The week following the Chinese New Year is usually associated with very low volume and very high volatility. 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. BTCCNY Bitcoin Chinese YuanCurrency Exchange Rate Live Price Chart ; Exchange Rate. ; Daily Change. 1, % ; Yearly. % ; Q2 Forecast.

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calendar_month 21.05.2022

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Others , however, simply believe that Chinese New Year is a red herring, and that the frequent January dump in Bitcoin's price is an example of a self-fulfilling prophecy. What we are going to learn? Sanjib Saha Website administrator Sanjib is one of the co-founders of Cryptobullsclub.

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