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Bitcoin Demand in South Korea Rises as Trade Volume Hits Monthly High
As demand returns to the markets South Korea is once again leading the way for trade volume. Bitcoin recorded a monthly high trading volume on exchanges in the country as fears of clampdowns subside and confidence returns to the crypto markets. Local media reported that domestic Bitcoin trading volume reached a maximum value in the month following the holiday season. Over $250 million has been traded in BTC on South Korea’s leading exchange Bithumb in the past 24 hours. New Bitcoin Trade Volume High The recorded volume on the 19th was the largest in a month indicating a steady return to crypto trading...
Anonymous Cryptocurrency Trader Buys $400 Million in Bitcoin
An anonymous cryptocurrency enthusiast capitalized on this week's dramatic bitcoin price plunge by scooping up $400 million worth of bitcoin. Cryptocurrencies have had a tumultuous start to 2018. At the start of the new year, many digital currencies were riding a wave of price growth, and the market capitalization of the industry grew to the point that a $1 trillion valuation didn't seem unreasonable. Then, early in the new year, prices collapsed, and many of the top 20 cryptocurrencies slumped considerably. While the price dump may not have been the cryptocurrency bubble pop that many analysts have predicted, it did mean that top...
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