For the last few months the price of Bitcoin has definitely been all over the map. With so many different variables looming in respect to the future of Bitcoin, it is easy to understand why Traders are nervous about holding Bitcoin long-term, that is until tonight I seem to have spotted a new trend starting to emerge in the last couple of days watching charts on leading exchanges.
The trend I'm noticing starting to emerge is how markets in North America as well as Europe and Asia in places like Japan, Korea and of course China all have a fairly similar price point for Bitcoin on prime global exchanges raising the question, has Bitcoin potentially found its new middle ground from leading World Markets that are driving the price of Bitcoin daily? In the past few months we have seen prices in China, Korea and Japan at times hundreds of dollars over whatever the current price of Bitcoin was trading on leading volume markets in Europe and North America. I see this as a positive sign that the BTC market playing field is a few steps closer to being more level in other words by default being more fair.
As World Markets where Bitcoin is traded find a common ground for the price, what are your thoughts as to what is at the heart of this new trend, do you believe this trend is temporary or do you think this trend is a sign of things to come in the future for Bitcoin and cryptocurrency like STEEM? Please let me know in the comment section below, as usual I look forward to reading all the responses.
Written by STEEM user: Jazmin Million