Higher demand from Chinese and Japanese investors propelled bitcoin to record new highs, surging past $2,000 for the first time over the weekend.
Data by CryptoCompare.com showed that Japan comprised for almost 55% of trade volume from 40% on Thursday. Analysts pointed out that bitcoin got a lift from several virtual currency gatherings in New York in the past two weeks.
Bitcoin prices stood at $2,061.88, up by over 4.5%. It last stood close to $2,047. Last week, the digital currency leaped near $1,900 despite reports of likely political scandal in America and Brazil, which prompted traders to turn to safe assets.
In the previous week, available data showed the cryptocurrency’s market capitalization has increased by more than $5 billion to $33.5 billion.
The material has been provided by InstaForex Company – www.instaforex.com
May 22, 2017 at 03:40AM
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