Bitcoin Over $10,000 In Korean Exchanges
According to data from Coinmarketcap, pulled a few minutes ago, Bitcoin already broke above the psychological level of $10,000, but only in Korean exchanges.
Both Upbit and Bithumb are trading BTC/KRW pairs (which is BTC for fiat, Korean Won).
During last year bull run, Korean exchanges traded every single crypto pair at a premium, which drove the price significantly higher. It remains to be seen if this premium will return, and also if the BTC price will break the $10,000 level on other exchanges and pairs.
Enjoy your weekend :)
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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Looks like we might be going from FUD to FOMO soon
Yahoo shows $9,968 was the high. So close! lol
$10,000 you meant, right?
yeap, I stand corrected, thanks for the heads up.
You are welcome:)
Look Korean Exchange Bithumb Has Reserves Worth $6 Billion in 12 Cryptocurrencies
I think the rise in the price of bitcoin can significantly affect the price of steem and sbd if the above $10000 stays for long
OH I SEE!!! It is getting the heat!!
Although the $ 10,000 is an important psychological level, I think the strongest resistance will be the 11800 since it could not be overcome in February.
For now, it would be a good time for BTC to consolidate prices a little above $ 10,000 and for the altcoins to recover some of the value they have lost in satoshis.
I'll be interesting to watch!
5-10-20 day moving averages almost buy signal as it was in 2012 on Bitcoin weekly chart that might be strong bull signal.
This is a good news for steemians as well.
Bitcoin price will put impact on steem as well.