Major cryptocurrencies experienced mixed trading on Sunday evening, as East Asia marked the beginning of the Lunar New Year. According to the Chinese Zodiac, the current period is called the Year of the Dragon.
| Cryptocurrency | Gains +/- | Price (Recorded 9:30 p.m. EST) |
| Bitcoin BTC/USD | +1.72% | $48,535 |
| Ethereum ETH/USD | +0.22% | $2,516 |
| Dogecoin DOGE/USD | -0.18% | $0.081 |
What Happened: Based on the latest analysis by 10X Research, Bitcoin’s price is forecasted to surge to as much as $48,000 in the upcoming days, capitalizing on the historical trend of gains noted around the Lunar New Year.
The forecast foresees an expected surge of at least 11%. Bitcoin has experienced an increase of almost 15% in the last two weeks, offsetting previous losses amid the excitement surrounding the anticipated Bitcoin exchange-traded funds (ETFs), ultimately resulting in a “sell-the-news” scenario.
Top Gainer (24 Hour)
| Cryptocurrency | Gains +/- | Price (Recorded 9:30 p.m…. |
