Strong Korea Demand Helping to Boost Bitcoin Price

Written by:
Guest
Published on:
Feb/20/2018

The price of Bitcoin pushed beyond the $11,600 mark Tuesday morning.

South Korea has played a pivotal role in cryptocurrency price fluctuations over the past month.  Talk of a regulated market and potential bans in South Korea are widely believed to have forced the price downwards. 

Now we have some positive news coming out of that nation.

From CoinDesk.com:

Notably, valuations are higher over on data provider CoinMarketCap, where high prices in South Korea seem to be inflating the figures. At press time, bitcoin was quoted at $11,591 - up 5.5 percent over 24 hours, and 35 percent for the week.

The site's market data reveals that on South Korean exchanges Bithumb and Upbit bitcoin is changing hands via the BTC/KRW pair at over $12,300.

That price differential may mark returning confidence in South Korea, CoinDesk.com suggests.

- Aaron Goldstein, Gambling911.com

Business/Financial News

Bitcoin Surges Above $106,000 on Strategic Reserve Hopes

Bitcoin surged to a record high above $106,000 in early Asian trade on Monday, boosted by comments from President-elect Donald Trump that suggested he plans to create a U.S. bitcoin strategic reserve similar to its strategic oil reserve.

Bookie Pay Per Head Demo

Price per head companies offer prospective clients a chance to try their Pay Per Head software through a free two week demo but AcePerHead.com takes things one step further.  How about a FREE week per month FOR LIFE?

Syndicate

Subscribe to Syndicate
More