Bitcoin
Bitcoin (BTC)
$67,397.00 5.88958
Bitcoin price
Ethereum
Ethereum (ETH)
$3,720.69 7.10299
Ethereum price
BNB
BNB (BNB)
$424.09 2.11223
BNB price
Solana
Solana (SOL)
$131.98 2.15994
Solana price
XRP
XRP (XRP)
$0.6462290 1.80059
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000409 52.1547
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000080 20.18621
Pepe price
Bonk
Bonk (BONK)
$0.0000369 10.12147
Bonk price
Bitcoin
Bitcoin (BTC)
$67,397.00 5.88958
Bitcoin price
Ethereum
Ethereum (ETH)
$3,720.69 7.10299
Ethereum price
BNB
BNB (BNB)
$424.09 2.11223
BNB price
Solana
Solana (SOL)
$131.98 2.15994
Solana price
XRP
XRP (XRP)
$0.6462290 1.80059
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000409 52.1547
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000080 20.18621
Pepe price
Bonk
Bonk (BONK)
$0.0000369 10.12147
Bonk price
Bitcoin
Bitcoin (BTC)
$67,397.00 5.88958
Bitcoin price
Ethereum
Ethereum (ETH)
$3,720.69 7.10299
Ethereum price
BNB
BNB (BNB)
$424.09 2.11223
BNB price
Solana
Solana (SOL)
$131.98 2.15994
Solana price
XRP
XRP (XRP)
$0.6462290 1.80059
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000409 52.1547
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000080 20.18621
Pepe price
Bonk
Bonk (BONK)
$0.0000369 10.12147
Bonk price
Bitcoin
Bitcoin (BTC)
$67,397.00 5.88958
Bitcoin price
Ethereum
Ethereum (ETH)
$3,720.69 7.10299
Ethereum price
BNB
BNB (BNB)
$424.09 2.11223
BNB price
Solana
Solana (SOL)
$131.98 2.15994
Solana price
XRP
XRP (XRP)
$0.6462290 1.80059
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000409 52.1547
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000080 20.18621
Pepe price
Bonk
Bonk (BONK)
$0.0000369 10.12147
Bonk price

Matrixport data shows bitcoin price up by 9% over CNY

matrixport-data-shows-bitcoin-price-up-by-9-over-cny
Edited by
News
Matrixport data shows bitcoin price up by 9% over CNY

Matrixport’s new research report shows the price of bitcoin (BTC) has gained over 9% on average during every Chinese new year (CNY) since 2015.

The researchers forecast decent short-term gains for investors who buy bitcoin during this Chinese new year if history repeats itself.

BTC price set to rally?

In a research report entitled: “Chinese New Year, a Buy Signal for Bitcoin,” Matrixport researchers detail how the price of bitcoin (BTC), the world’s flagship cryptocurrency, has increased during every Chinese new year event for the past eight years.

According to the report, which was authored by Markus Thielen, Head of Research at Matrixport, investors who purchased BTC at the end of the first day (Jan. 22) of this season’s Chinese new year and sold it exactly 10 days later (Feb. 1), would have made a decent 9%+ on their BTC holding.

The researchers point out that the 10-day trading period after the Chinese Lunar New Year of 2017 returned a 15% profit for traders, while 2021 and 2016 returned 14% and 13% for investors, respectively.

At the time of writing, the bitcoin price is hovering around the $22,900 level. Based on the researchers’ predictions, BTC could surpass the $25,000 mark by Feb. 1, if history repeats itself.

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