Lunar new year, the price of Bitcoin falls

history is an eternal beginning. On the night of January 15 to 16, Bitcoin and the market in general saw red. If the purchase of cryptocurrencies was part of your good resolutions in 2018, a few weeks of patience are needed before seeing the market progress again.

As we approach the lunar new year, we are a few days away from the biggest human migration of the year. Unlike the stock market, the virtual currency market does not resist holidays. Capital gains are used to buy gifts, air tickets, or fill the hongbao (yāsuì qián in our case), these red envelopes distributed during Chinese holidays. In a market dominated by Asian investors, its fluctuations can often be explained by events and news that have not been widely reported in France.
a few days ago, it was the South Korean minister who plunged the courts by announcing a project to ban speculation in the country. It was quickly overtaken by the public opinion and in particular a petition reaching 200 000 signatures against its establishment. In South Korea, one in five has virtual currencies with an average of $ 5,000 in assets.