Bitcoin Reaches All Time High Daily Trading Volume at $5 bln
Bitcoin reached its all time high daily trading volume at $5 bln earlier this week, primarily because of the current regulatory policies on Wealth Management Products in China. The rapid surge in daily trading volumes allowed the Bitcoin price to reach a multi-month high, surpassing $733 in most markets. The power of buyers in China. Various investors and experts including Chris Burniske, analyst and Blockchain products lead at ARK Invest, suggested that the majority of high-value trades are initiated by buyers in China. At the moment, most, if not all, Bitcoin price valuations are based....
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