RE: STEEM is on Binance.com: The Fastest Growing Cryptocurrency Exchange

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STEEM is on Binance.com: The Fastest Growing Cryptocurrency Exchange

in binance •  7 years ago 

Historically does the Chinese New Year cause a crypto lull?

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yes

How does that work? What is the correlating factor?

people need to spend a lot of rmb in the new year, so they have to sell some of their cryptocurrency

Absolutely. The price is always lower in January than in December (at least so far).