Bitcoin markets have been hovering around some new price territories recently, as the currency reached a few all-time highs over the past 72-hours. BTC reached a top of $7,997 on the popular exchange Bitstamp, and has come awfully close to $8,000 throughout many other trading platforms. Cryptocurrency enthusiasts are steadily waiting for bitcoin to surpass the $8K barrier and capture a whole new price range.
It’s been a week since bitcoin dropped below the $6K region last weekend and the end of this week shows — a whole new ball game is being played. Bitcoin markets have spiked quite a bit as bulls have been trying to charge past the $8K zone for a few days.
Presently, the price is trading between $7,700-7,800 across multiple exchanges with a 24-hour trade volume of $3B. Big money is flowing into bitcoin from Japan once again, as the yen is commanding over 67 percent of the global BTC volume. The USD is following the yen’s lead with 17 percent, and the South Korean won has around 9 percent of bitcoin’s trade volume today. The top five exchanges dominating the majority of trade volume include
