With Chinese New Year coming up on 2/16 what do you think will happen will the market cap get an influx of new money from China or not? I'm thinking we will and hoping it will boost prices for all coins but of course, this is just speculation, what do you think?
The Chinese New Year does seem to have had a positive impact on Bitcoin. The price has risen above the crucial resistance level of $10,000. The Chinese New Year doesn't seem to have done anything special for altcoins. Most of them are trading flat from yesterday in fiat terms.
Exactly. Maybe all who says that it will really bring money to the ecosystem are absolutely right. I'm glad to see that bitcoin finally breaking the $10K mark once again and from the looks of it we may never see it going $9999 for the next months or so. Nice job for every holders up to now.
Lets see how the market goes in the next succeeding weeks. I have a gut feeling that we are in another rally up to $12K before seeing another change in the prices.