Published on October 13th, 2017 | by bitcoin0
With reference to regulation huge shift in global demand for Bitcoin
Bitcoin prices, up more than 400 percent this year, eclipsed $5,000 on Thursday.
Changing economic and regulatory conditions have led to sudden shifts in trading volume against different currencies, reflecting how volatile these markets can be.
Bitcoin trading against the Chinese yuan used to account for most of the volume.
Japan’s yen took over as the biggest trading pair as regulators there took the opposite approach, adopting digital-friendly rules.
As for trading in a wider group of cryptocurrencies, bitcoin takes the place of fiat currencies as the biggest trading pair.