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News Explorer — Bitcoin Reaches $46,000 During Chinese New Year Celebrations

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Feb 9, 6:35 am
Coindesk

Bitcoin Reaches $46,000 During Chinese New Year Celebrations

Bitcoin surged past $46,000, reaching a one-month high, as East Asia celebrated the start of the Chinese New Year. The word for dragon in Mandarin Chinese sounds similar to "long," which has symbolic value for crypto traders. Analysts predict that Bitcoin could rise to $48,000 in the coming days, with historical data showing gains during this festive period.

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