You are viewing a single comment's thread from:RE: STEEM is on Binance.com: The Fastest Growing Cryptocurrency ExchangeView the full contextView the direct parentlsdmt (25)in #binance • 6 years ago Historically does the Chinese New Year cause a crypto lull?
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).