China drives the price, there is no doubt about it.
Today we had news about PBoC making 2 biggest exchanges Huobi and OKCoin to stop withdrawals - price tanked by over 100 USD in minutes.
A few exchanges were offline a little today too.
Also PBoC made chinese exchanges to stop the 0% fee trading which also hurt volumes for a little time.
Today yet, we can see Japan is taking a big move.
Currently Yen is #1 volume in BTC trading and has 37,66% of the market share.
Another interesting this is that the price is driven just by 5 exchanges.
And the main thing - the top exchange BitFlyer has 0% fees.
Japan is going big on BTC ie its gonna be an legal payment method in Japan in 2 months source.
