Bitcoin Blows Through $4000 As Asian Demand Soars

by Tyler Durden
ZeroHedge.com
Aug 13, 2017

While many of the largest cryptocurrencies are fading modestly this morning, Bitcoin is holding on to dramatic agains which saw the largest virtual currency spike to as high as $4190 as Yen, Yuan, and Won trading activity dominated volumes.

Bitcoin Cash remains in 4th place overall by market cap but Bitcoin is the only currency higher among the top 5 this morning.

As CoinTelegraph reports, the trading of Bitcoin in Japanese yen has accounted for almost 46 percent of total trade volume worldwide. The trading of Bitcoin in US dollar accounted for around 25 percent, while the trading of Bitcoin in South Korean won and Chinese yuan accounted for approximately 12 percent each.

The Rest…HERE

This entry was posted on Sunday, August 13th, 2017 at 11:34 am and is filed under Economics, Technology. You can follow any responses to this entry through the RSS 2.0 feed.