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10 Nov 2014
Bitcoin Rises Amid Dark Markets Crackdown – CoinDesk
FXStreet (Barcelona) - The CoinDesk Analysis Team highlights the fact that OKCoin's spot-BTC trading volumes are not affected by the new double-counting method and such moves only serve to undermine bitcoin traders' perception of inflated trading volumes on the Chinese exchanges.
Key Quotes
“The bitcoin price has risen in the last seven days after two weeks of declines. It gained $25 over the week to hit a high of $351.44 on 7th November and is trading well above that level today, at a high of $365.82.”
“The price increase has been accompanied by a rise in trading volume, which increased 32% week-on-week to 2.61 million BTC. This rise in volume was led by activity on Huobi, OKCoin and BTC-e.”
“Although OKCoin reported this week that it would calculate its futures trading volume in a new way that would double its figures, this did not affect its volume numbers in its market for spot BTC prices, it said”
Key Quotes
“The bitcoin price has risen in the last seven days after two weeks of declines. It gained $25 over the week to hit a high of $351.44 on 7th November and is trading well above that level today, at a high of $365.82.”
“The price increase has been accompanied by a rise in trading volume, which increased 32% week-on-week to 2.61 million BTC. This rise in volume was led by activity on Huobi, OKCoin and BTC-e.”
“Although OKCoin reported this week that it would calculate its futures trading volume in a new way that would double its figures, this did not affect its volume numbers in its market for spot BTC prices, it said”