BTC China Bitcoin Volume Bounces Back After Company's 'Darkest Hour'
CEO of BTC China, Bobby Lee, spoke to CoinDesk Editor Emily Spaven about the company's triumphs and struggles in 2013, and his vision for the coming year. BTC China has had an interesting year. In April 2013 the company set the world record for bitcoin's highest value, becoming the world's most active exchange by November. A solid regulatory rattle by the People's Bank of China in December saw worldwide values plunge and Chinese exchanges jockey for market share using a variety of strategies. "We think we are a long-term player and we have funding so we're not running away - we're not....
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Bitcoin, Uniswap, Polygon and Aave turned green just a day after the highest CPI print in over 40 years. Crypto investors found cause for celebration on July 14 as the market experienced a positive trading session just one day after the Consumer Price Index (CPI) posted a June print of 9.1%, its highest level since 1981. Daily cryptocurrency market performance. Source: Coin360The move higher in the market wasn’t entirely unexpected for seasoned traders who have become familiar with a one to two-day bounce in asset prices following the most recent CPI prints. These traders also know there’s....
In a few hours China's Huobi exchange have traded more than 30 000 Bitcoins. We have currently not found any good reasons for the sudden increase in trading volume and increase in price, but we are looking for it now. If you have any news that might have affected the trading volume on Huobi please let us know in the comment section below. Editor's Note: Despite all the hullabaloo in China surrounding Bitcoin, raised by the PBOC, it is clear just from Exchange volumes that China is Back. See the trading volume here: China is Back - Massive Bitcoin Buy Orders. The Daily Competition. We are....
It didn't seem like it was terribly long ago that Mt. Gox was leading by miles in terms of being the de facto Bitcoin exchange. Fast forward to early November, and we're finding out that Mt. Gox is not longer, well, leading by miles. In fact, two exchanges are catching up to Gox in trading volume. The first is - and I say this with little to no surprise - BTC China. The Chinese have taken tremendous interest in the digital currency, and as such, BTC China's trading volume is about 571k, compared to Gox's 578. Behind BTC China is BitStamp, with a volume of 547k. There's still a a sizable....
BTC China has finally surpassed Mt. Gox as the top Bitcoin exchange, passing 600,000 BTC in volume, compared to Gox's 589,000 BTC volume. Of course, things could change in the coming days and weeks, but it's still a noteworthy milestone. Bitcoin interest in China has spiked in the past month, especially after Chinese search engine Baidu announced they would be accepting payments in Bitcoin. It should be noted (as pointed out by a user on Reddit) that Mt. Gox still has the highest 30-day volume. BTC China is catching up on that front, however.
Bitcoin price has dropped away from today's consolidation level in what looks like the last corrective wave before advancing to target near $277 (Bitfinex) and 1720 CNY (BTC-China). This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis. Time of analysis: 17h05 UTC. BTC-China 4-Hour Chart. From the analysis pages of xbt.social, earlier today: The 4-hour BTC-China chart is being shown with only the 20MA (green) and 200MA (red). Price has been pushing up against....