Bitcoin Forum

Bitcoin’s rising value continues to pick up steam this week by breaking a new all-time price high nearly every day. Currently, the global average is US$2400 per BTC, but the price is also trading at a premium of $2700 in Japan, $3050 in India, and $3150 in South Korea.

Since our last price post just four days ago, bitcoin’s fiat value has climbed $400 higher to an all-time high average of $2405 across most global exchanges. The bull run is showing unstoppable momentum with a few pit stops along the way as bitcoin’s market cap is just a few dollars shy of reaching $40 billion. Alongside bitcoin, many altcoins are also gaining in value at an unprecedented level not seen since 2013.

Read More Here >>> https://news.bitcoin.com/bitcoin-price-blazes-past-2400-and-higher-in-japan-india-and-south-korea/

Mostly the price surge is brought by the Asia's big 3. Japan, India and South Korea. They are literally pouring money into the bitcoin ecosystem peaking at high's $3000. I really don't know what to expect or speculate if the price rise will continue. There will be corrections, this is part of bitcoin price but I don't know when will this happened or what will be the correction price. Nevertheless, I'm happy with the result and just hoping that we can all sustained it in the future.

It's amazing how the price continues to break through each high without breaking a sweat. I wonder how long it will take before the market finally calms down again. I have been expecting a correction even before we reached the $2000 level, and it still needs to happen. Everyone that is entering the market at current levels has either balls of steel, or they just assume the price to go up further without thinking about the possible consequences.

I am surprised that Bitcoin is so much higher in Japan, which is a developed country. China and India have capital controls in place, which makes it difficult to exploit price differences. I thought Japan would be at par with developed countries and that there would be no arbitrage opportunities.

Just woke up and as usual check the coin prices and was surprised to see bitcoin has yet again shot up a few hundred dollars, if it keeps up at this rate we will be having a pretty good summer.

Already Judging by the fact that the financial exchanges show, I can say that the summer for the user of the crypto currency will be very successful. I hope our patience and wishes will be rewarded.