Since the top of the 13th of February, the bitcoin exchange rate gets a lot of the bags. However, you can buy bitcoin, now is 15% more expensive in China, in the over-the-counter (OTC) platforms as compared to normal stock markets. With an OVER the counter stock you can buy directly in bitcoin, outside of the order book of an exchange. There are several services that offer this, such as Huobi, OKEx, and LocalBitcoins.
Bitcoin price on the OVER-the-counter counters lot higher
Dovey Wan to keep track of Coindesk, the market in China at the time. And on a personal basis, she keeps everyone on Twitter to be aware of all the developments in China. According to the Airlines and Wan, is the price on the OVER-the-counter platforms is greater than that of a regular cryptocurrency exchanges.
The average price at Huobi OVER the last 24 hours, for example, about 39.541 yuan (5.638 dollars).It on LocalBitcoins, was that the average price paid by 39.985 yuan (5.698 dollars), and even a bit more. A lot more than the current bitcoin price, now approximately 4.725 usd. This difference shows that, in China, an increase in the demand for bitcoin is to.
The First time I’ve seen such a big Chinese OVER the premium, during a technically Bitcoin bear market
This can be part of the new paradigm pic.twitter.com/5T85WL1WCJ
— Airlines 以德服人 Wan ?? (@DoveyWan) March 16, 2020
It Is the optimism in China after the number of new coronapatiënten back? What is the real reason for the price difference between the Chinese market and the other cryptobeurzen are still only guessing. However, this difference suggests to some analysts, however, feel free to. If it is Software, Higgings, positively, ” This says to me is that bitcoin are a bottom has been reached. If there are purchase orders with a premium on the OVER-the-counter markets, and then retail markets in may, the same increase in their exchange.’
That tells me #Bitcoin has hit it’s floor. If there are buy orders with a premium online OVER the counter, then to the retail markets might start seeing the same price action on the exchanges.
— Gaƀe Higgins (@Crypto_Edge) March 16, 2020
This is actually the bottom is remains to be seen. According to some analysts the bitcoin price is still much lower. Trader Tone Vays to believe, for example, that bitcoin is not more than $ 2,000 in may. The other analysts are right, the bottom, between 3.900 dollars, and about 4100 dollars.
What do you think is the reason for the difference in price between China and the rest of the world. And the bitcoin price to its bottom, or drop the price even further?