Monday, May 22, 2017

Bitcoin taps fresh record highs amid rising demand from Japan, China

Bitcoin taps fresh record highs amid rising demand from Japan, China

Bitcoin climbed above $2,000 for the first time Saturday on increased demand from Japanese and Chinese investors.

The digital currency rose more than 4.5 percent to hit an all-time high of $2,061.88, according to CoinDesk.com. Bitcoin was last trading near $2,047.

Japan accounted for nearly 55 percent of trade volume, up from near 40 percent Thursday, according to CryptoCompare.com.

Prices for bitcoin on the Hong Kong-based Bitfinex exchange rose, narrowing a recent gap with the global rate in anticipation that bitcoin traded on Bitfinex can soon be easily converted to U.S. dollars.

Full story at http://bit.ly/2r92ZfL

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