Bitcoin Reaches All Time High at BTC China
Bitcoin triumphantly rises once more, reaching an all-time high today at around 2PM London time in one of the most liquid exchanges: BTC China. Proclaimed dead or worthless so often by so many, the currency has been turning heads in the past few weeks when a two years long bull market accelerated around December the 20th, increasing bitcoin’s price from around $800 to almost $1,100 in just two weeks, while at BTCChina it reached an all-time high of just under $1,150 (7,990 CNY according to BitcoinWisdom) higher by almost 400 points than its previous all-time high of 7,588 CNY reached on....
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A new milestone has been reached in the crypto sphere, as the number of addresses holding Ethereum hit an all-time high of over 51.4 million before the end of a turbulent 2020 year. Number of Addresses Holding ETH Hits a New All-Time High Per figures of data site Glassnode, there are now 51,491,730 addresses holding the aforementioned cryptocurrency, as it keeps climbing in the context of a rally seen in the prices of most cryptos in the last weeks of 2020. The number is significant, considering that there were only 34.7 million addresses with ethereum (ETH) at the start of the year, up by....
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....
The price of bitcoin in China surpassed two-year highs on leading Chinese exchanges today, as Chinese investors continue to seek safe digital havens for their funds. Last month Bitcoin Magazine reported that the continuous devaluation of the Chinese currency yuan (CNY) was increasing demand for bitcoin in China. The trend was strong enough to be noticed by the mainstream financial press, and The Wall Street Journal ran a story titled “Chinese investors buying up bitcoin as yuan falls.” Bitcoin Magazine contacted leading Bitcoin operators and exchange CEOs in China to take the pulse of the....
Nine days ago, bitcoin reached a new all-time high (ATH) and now the second leading crypto asset ethereum has tapped an ATH on Friday morning. Ethereum reached a high of $4,416 per unit and has since retreated around 2% down from that price position.
Ethereum Reaches New All-Time Price High
The second-largest crypto market capitalization belongs to ethereum (ETH) with a valuation of around $510 billion today.
Currently, there is $28.9 billion dedicated to ether trades and ETH’s market cap has a dominance rating of around 18.8%.
ETH reached its all-time....
Around mid to late 2013, the bitcoin world started waking up to an interesting realization: bitcoin growth wasn't being driven by the typical finance and tech centers of New York, London or Silicon Valley. In fact, China was playing the more significant role. At that time, exchange BTC China had already posted the record-high bitcoin price of $308 (CNY equivalent) in April 2013 and was surpassing Mt Gox in trade volumes. Chinese factories were cranking out mining machines and the country's residents were downloading more bitcoin wallets than anyone else in the world. In November, China was....