RATE Group | More buyers than sellers in Malaysian cryptocurrency market: Coinhako
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More buyers than sellers in Malaysian cryptocurrency market: Coinhako

27 Aug More buyers than sellers in Malaysian cryptocurrency market: Coinhako

Posted at 09:59h in Cryptocurrency News by

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PETALING JAYA: Demand for cryptocurrencies remains encouraging despite the sharp fall in bitcoin’s price since late last year, said cryptocurrency exchanger Coinhako’s co-founder, Yusho Liu (pix).

“The buy side is still very robust. Generally, there have been more buyers than sellers over the years. The more people know about it, the more they will be interested in buying into the future.

“Most of the people buy and hold. I don’t see many people buying and selling day in, day out,” he told SunBiz in a recent interview.

Bitcoin’s price has tumbled more than 66% from its peak of close to US$20,000 (RM82,000) in December 2017. As at 5pm yesterday, it was trading at US$6,627.70 (RM27,174).

“After January, when things went down, there has been a slowdown in the cryptocurrency market. The volume has declined, but it has started to…

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