Interesting stats:
http://www.investopedia.com/news/bitcoins-price-behaving-sticky/Currently, the Japanese yen accounts for 47.3% of BTC volume by currency, followed by the U.S. Dollar with 32.52%, which adds up to almost 80%. China's share, which was hovering around 90% levels a year ago, is now condensed to 4.54%. While the South Korean won and euro are at 7.34% and 4.85% respectively, according to cryptocompare.
In terms of exchanges, Bitfinex (BTC/USD) commands 11.57% of trading volume, followed by bitFlyer (BTC/JPY) at 4.48%, Bithumb (BTC/KRW) at 3.97%, Bitstamp (BTC/USD) at 3.84% and Bittrex (NEO/BTC) at 3.64%, according to coinmarketcap.
The prices of cryptocurrencies have corrected due to the China crackdown. This in some ways has brought confidence in the markets as it lowered the perceived importance of the country to some extent. However, the range-bound movement in the markets is indicative that investors and traders are still looking for some clues before making the next move.
BTC volume in China went from 90% to 4.5%. I'm surprised that BTC price hasn't dropped more.
I think these are great news for the community. I still think the trading value should be more dispersed, so that way it will be harder for a single country to disrupt it's price like it happened with the China ban on ICOs and the suspension of exchanges. It's still a bit condensed on the Japan side, but at least they already have regulation, so they are not in the "grey area", which should be able to attract more investors.