02 Mar '17, 9am

Bitcoin Price Breaks $1228 All-Time High Again With ETF Nearing

Bitcoin Price Breaks $1228 All-Time High Again With ETF Nearing

Bitcoin price surpassed $1,228 earlier today on major Bitcoin exchanges including Bitfinex, Bitstamp, Kraken and bitFlyer due to the industry’s optimism towards the Winklevoss twin’s Bitcoin ETF approval on March 11. Digital currency exchanges in Asian markets including Japan and South Korea, which control over 52 percent of the global Bitcoin exchange market, have been facilitating Bitcoin trades in the range of $1,260 to $1,270, with a $50 premium in contrast to the global market. Traders on bitFlyer in particular, the world’s largest Bitcoin exchange that processes 60 percent of trades of the Japanese Bitcoin exchange market amounting to 94,520 Bitcoins per day, is still trading Bitcoin at $1,262, a value nearly $39 higher than Bitfinex and Bitstamp. Speculation on Bitcoin ETF Approval The strong performance of Bitcoin price is a result of the speculation of the Bitcoin...

Full article: https://cointelegraph.com/news/bitcoin-price-breaks-1228-...

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