Bitcoin Flat as Traders Look Forward to the 'Year of the Dragon'

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Market enthusiasts expect the year of the dragon to bring good fortune for the crypto market, but more traditional analysts advice caution.

traded flat, hovering over $42,000 early Monday, while the CoinDesk 20 Index {{CD20}} is down 0.75% at 1,643, according toOver the next few days, East Asia will celebrate the start of the year of the dragon, which is considered to be one of the luckiest and most prosperous animals in the Chinese Zodiac.

“The Year of the Dragon opens new doors for Ethereum, especially with the anticipated impact of ETFs,” he said in an interview with CoinDesk. “Ethereum is on track to achieve lower gas fees and faster transactions with the long-awaited Dencun upgrade.”

 

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