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Title: [2018-03-03] Bitcoin's 'Kimchi Premium' Has All But Evaporated Post by: sensimilia on March 03, 2018, 08:45:21 PM Bitcoin mania is cooling off, and with it, changes are happening in its global market.
Indeed, the price furor that began in early November when talk that bitcoin futures listings would go live in the U.S. triggered a wave of speculation - bitcoin, which traded at $6,500 on Nov. 1, rose as high as $20,000 by mid-December - has all but faded. But while bitcoin has largely been stuck trading sideways, global volumes remain elevated, showing interest has remained strong. CoinDesk data reveals average daily trading volumes in February were up nearly 80 percent from November, rising to $8.2 billion, up from nearly $4.7 billion in November. (Month-over-month, volumes were down 40 percent from $13.4 billion in January.) https://www.coindesk.com/bitcoin-price-kimchi-premium-eroding/ |