Tag: CNY

Massive Chinese Trading Volume Pushes Bitcoin Price Upward

Bitcoin has been seeing an excellent price increase once again, after a few days of dips and sideways action. Mainly the Chinese market continues to dominate the trading volume, as they are inching towards 94% of all trades. Interestingly enough, there have been three days with nearly identical trading volume. Chinese Bitcoin Traders Are Hungry Most people are well aware how the Chinese market has been dominating Bitcoin trading for …
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USD Trading Volume Driving The Bitcoin Price Above $650?

Every time the Bitcoin price starts going up, people will automatically look for a reason as to why this trend is taking place at that given time. However, it has turned out to be very difficult when it comes to identifying the root causes of Bitcoin price swings as of late. Albeit China remains the biggest Bitcoin trading market, they must have some reason to start buying en masse. Moreover, …
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Bitcoin Price Marches Towards US$600 As Trading Volume Holds Firm

A strong trading volume is keeping the Bitcoin price alive for the time being. With an incremental gain in value over the past day, the popular cryptocurrency seems to be well underway to hit US$600 at some point. Interestingly enough, Huobi keeps dropping down the list of trading platforms, as they have now been overtaken by OKCoin once again. Another Drop in Trading Volume Over the past several days, there …
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Chinese 24-hour Trading Volume Nears 1m Bitcoin As Price Recovers

Bitcoin went through a bit of a slump yesterday, as the price briefly crashed by as much as US$30 all of a sudden. Albeit a lot of people assumed this would lead to a further Bitcoin price retrace, the value has been climbing back up ever since. The trading volume remains shighas well, and there is no end in sight. Temporary Bitcoin Price Dip And Drop In Trading Volume There …
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