exceeded the price of $ 12,000 Alpetkoan in both South Korea and Japan, the two major markets bitcoin responsible for roughly 74 percent of the world 's bitcoin deals.
South Korea : $ 12,653
Bitcoin is traded in South Korea, an increase of approximately $ 1270, a 12 percent increase over the global average price of the Bitcoin. While they are not as high as the rates offered by the ETNs and Grayscale trading platform bonds, the purchase of Bitcoin is still much more expensive in Japan and South Korea. As it reached its peak at a high price in South Korea amounted to 12653 dollars, while the average price of the global Bitcoin nearly 11 thousand dollars. Traders continue to invest in Bitcoin despite the surge in prices in South Korea, the third largest market for bitcoin because the supply of Bitcoin in the domestic market is low compared to the exponential increase in demand over the past few months. In the traditional finance sector in particular, once the demand for a particular asset reaches a certain threshold, the entire sector seeks to acquire assets, following this trend. Tony Liu, founder and CEO of Korea's third-largest currency trading platform, Korbit, said
"The word is spreading very quickly in Korea. When someone starts investing, everyone wants to join it. So there's a huge movement in society about this. "
Jeff Pike, founder of Finector , a Seoul-based research firm, told The New York Times in an interview in the New York Times in an interview that investors from traditional finance businesses are driving the South Korean baitcoin market, not technology enthusiasts or Young traders.
Japan: $ 11,827
While the rate of rise in Japan is not as high as in South Korea, it is still certainly higher than those of other major regions such as the United States. At present, Bitcoin is trading in Japan at more than $ 11,500, equivalent to an increase of about $ 1,000 from the average price of the global bacon. According to digital currency market data providers including CryptoCompare , Japan's Bitcoin trading platforms account for 64 percent of the global dealings of Betcoin, nearly double the US deal. However, the average price of the global Betcoin is often similar to the US exchange rate, while the price of the bitcoin in Japan is often higher by 5-8 percent than the US price. As the largest market for Bitcoin trading, Japan has the liquidity and the largest supply of bitcoin. Thus, there should be no high rise of 5 to 8 percent, because this market is the largest and must have sufficient liquidity and supplies to meet the growing demand of investors. On the other hand, for many years, analysts questioned Japanese trading platforms that do not charge any fees. As volumes in Japan are likely to swell, as in China, due to unusually high rates.
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