2018-7-26 13:15 |
A couple of experts have recently provided compelling evidence that shows that the Asian market had a prominent role to play in the recent Bitcoin price surge.
The Return of the Far East Bitcoin Bulls
In the wake of the recent Bitcoin price surge, many analysts have tried to come up with a reasonable explanation to explain the price movement.
However, two analysts; Mati Greenspan of eToro and Clem Chambers of ADVFN, believe that a trading volume spike in the Asian market caused the BTC price rally.
In a series of tweets, Greenspan, a senior analyst at eToro highlighted an increase in volume in both Japanese and Korean markets at the time of Bitcoin price surge above $ 8,000.
Images courtesy of Twitter (@MatiGreenspan), Coinmarketcap, Shutterstock
The post Bitcoin Price Surge Due to Increased Trading Volume in Asia, Says Experts appeared first on Bitcoinist.com.
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