Bitcoin Blasts Through $2200, Here’s Why
zerohedge.com / by Tyler Durden / May 22, 2017 12:07 PM
Bitcoin is up almost 15% today, breaking through $2000, $2100, and now $2200.
It’s been quite a ride…
As CryptoCompare’s founder Charles Hayter notes, there are numerous drivers for this sudden surge in the virtual currency…
- Bitcoin is trading at a $400, or 19%, premium on Japanese Markets as Bitcoin fever takes hold.
- The USD-BTC markets are trading at $2150 whilst the JPY-BTC pair is trading at the equivalent of $2550.
- Japanese volumes are 42-50% of trading with 132k BTC volume or c.$300 million per day.
- The Japanese have caught the Bitcoin bug and inefficiencies across markets are being exposed. Irrational exuberance is taking hold as the Japanese stumble over each other to enter the Bitcoin market and drag up international prices.
- Ethereum has seen a strong price rise on the back of the Ethereum Enterprise announcement and strong buying from Korea where the price is again at a large premium trading at $230 compared to the USD market at $180 – or 27%. The Korean market share of ethereum trading has been steadily increasing and has now reached 15%.
The post Bitcoin Blasts Through $2200, Here’s Why appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/05/22/bitcoin-blasts-through-2200-heres-why/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).
| Online: | |
| Visits: | 1,605,477,742 |
| Stories: | 8,137,240 |
Whistler Blowers, Insiders
