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Prominent Trader: Short-Term Bitcoin Price May Depend on South Korean Market

Prominent bitcoin trader, investor, and researcher Tuur Demeester stated that the center mass for the bitcoin price would depend on the South Korean bitcoin exchange market in the short-term. Bitcoin’s center mass for price may be in South Korea now: largest SK exchange has more vol than Bitfinex + Bittrex. Resistance at ₩4.5M: pic.twitter.com/yb71dMMxKc — Tuur Demeester (@TuurDemeester) September 20, 2017 Earlier this week, South Korean cryptocurrency exchange Bithumb surpassed the trading volume of Bittrex and Bitfinex combined, two of the largest bitcoin and cryptocurrency exchanges in the market. More importantly, the trading volume and market share of the South […]
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