South Korean Crypto Investors Face ‘Nail-biting’ Lunar New Year Conundrum

The South Korean crypto community is facing a tense Lunar New Year break, experts are claiming, as the year’s longest holiday coincides with a key time for Bitcoin (BTC) and altcoin markets. Per Seoul Shinmun, South Korean crypto traders are “troubled.” They are concerned by the fact that the holiday “overlaps with the US Federal Reserve’s upcoming base rate decision,” the outlet wrote. The media outlet said Upbit crypto exchange data shows domestic Bitcoin and Ethereum (ETH) prices trended upward “during the Lunar New Year holiday for the past three years.” The holiday period, however, has also seen significant drops.

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