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Bitcoin Price Keeps Rising Amid Strong Korean Demand

Korean market demand pushes bitcoin prices up globally.

With an announcement this morning by Korean Government officials that the Country would allow “normal” bitcoin trading, bitcoin numbers have jumped across the board.

bitcoin-chart

Bitcoin has set the pace with prices passing $11,600 in the morning’s trading, with numbers reaching $12,300 on Korean exchanges Bitthumb and Upbit.

As depicted on the chart below, Korean demand is clearly having an affect on the world’s global cryptocurrency markets.

south-korean-bitcoin

Bitcoin’s sustained rise is also affecting other cryptocurrencies, with the combined market cap now reaching nearly $510 billion – up from $282 billion just two weeks ago.

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