RATE Group | Is Asia Responsible for the Bitcoin Price Increase?
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Is Asia Responsible for the Bitcoin Price Increase?

01 Aug Is Asia Responsible for the Bitcoin Price Increase?

Posted at 01:12h in Bitcoin News by

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The recent evidence provided by crypto experts indicates that Asian markets might be the ones responsible for the Bitcoin price surge that propelled the crypto to today’s heights.

Bitcoin (BTC) rise caused by Asian markets

Bitcoin’s recent price surge has led many investors to rejoice and believe that Bitcoin is finally reaching higher levels of stability. However, the analysts still wanted to find out what may have caused such a behavior. Many of them were ready to believe that this was only a short squeeze, while others claimed that it happened due to expectations of the SEC’s pending decision regarding the BTC ETF.

Now, two analysts, ADVFN’s Clem Chambers, and eToro’s Mati Greenspan may have found the real reason behind the price spike. According to them, the price rose due to a considerable increase in BTC trading volume in the Asian market.

Greenspan, who is eToro’s senior analyst, believes that both Japan and Korea have seen a…

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