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

Pay Per Head Fees – How They Work

Many folks new to the world of Pay Per Heads often have questions about the fees.  The word itself usually results in negative connotations such as those useless fees charged by your bank or when on vacation at a fancy resort.

Syndicate

Subscribe to Syndicate
More