Bitcoin prices rallied strongly today, entering a new short-term bull market. This is happening despite a plunge in volume on Chinese bitcoin exchanges. Litecoin prices are moving up as well, helped by the altcoin’s transition to Segwit.
Bitcoin Rallies as China Volumes Plummet
Bitcoin prices are trading at $934 dollars right now, up by 3.2 percent since Thursday. The rally happened despite (or because) plummeting trading volumes on Chinese bitcoin exchanges. after instituting trading fees last week, Big Three lost over 90 percent of their volume. Most are now trading close to the volumes seen on the USD-based exchanges.
Read more: https://blog.fxopen.com/bitcoin-rallies-as-china-volume-plummets/