Bitcoin May Surge 20% During Chinese New Year, Matrixport Says
Bitcoin may surge 20% during the Chinese New Year starting Jan. 29 amid favorable market conditions, says crypto analytics firm Matrixport. The company says Bitcoin has delivered gains for investors in 11 out of the past 12 years. Soaring market optimism over pro-crypto regulations after Donald Trump’s inauguration as US President also provide a favorable backdrop for possible gains this year, it added. #MatrixOnTarget Report📊 – Jan 24: The Chinese New Year Effect: #Bitcoin +21%⤴️ with an 83% hit ratio!#Crypto #CryptoMarketOverview #CryptoInvestors #BTC #Matrixport pic.twitter.com/dsqRz8xpPv — Matrixport Official (@Matrixport_EN) January 24, 2025 Bitcoin rose by 26% in 2022 and 23% in 2023 and Matrixport says the Chinese Lunar New Year is the “most favorable 20-day window” for Bitcoin. China’s Impact On Bitcoin Growth Over The Years The Matrixport report emphasizes China’s pivotal role in Bitcoin’s early grow...