Lunar New Year has historically been a bullish period for Bitcoin, with increased trading activity in Asian hours, digital red packets, and memecoins celebrating the Year of the Dragon. In the week of Jan. 14, Eastern trading hours accounted for 46.45% of Bitcoins volume, up from 43.85% the previous week.
Bitcoins Lunar New Year Streak
Historically, Bitcoin sees a 21.1% average gain around Lunar New Year, with 11 out of the last 12 years delivering positive returns. February’s 14% average gain makes it one of Bitcoins best months.
On Jan. 27, Bitcoin briefly fell below $100,000, rattled by concerns over a US-China AI arms race, but quickly rebounded before the holiday.
Memecoins Ride the Lunar New Year Wave
The crypto spotlight has shifted to memecoins, especially Trump’s and the First Ladys tokens, alongside serpent-themed coins celebrating the new zodiac year.
With institutional adoption growing, Bitcoin’s long-standing Lunar New Year rally could continue in 2025.
Source: Cointelegraph
