Newsflash: Bitcoin prices hit a 30-day high near $ 4,650

Hive account@xiti - Bitcoin's current price is trading above $ 4,600 as the combined value of all mined bitcoins rises above $ 76 billion, now controlling more than 50% of the total covalent cryptography market share of $ 151 billion. On a global average, the USD price rose from $ 4,460 to a peak at the highest level of $ 4,622 at the time of publication.

At the time of issuance, data from Bitfinex shows the trading of bitcoin prices at $ 4,605. Since the turn of the month, bitcoin has now risen slightly above 10%. Prices are up 5% from Saturday trading alone.



The Bitcoin price chart so far in October.

Bitcoin's profit comes after China made an initial coin offering (ICO) in early September, which eventually led to a 'voluntary' bitcoin closure in China - which is the world's largest bitcoin market. The market reshuffle has since seen Japan emerge as a major bitcoin hub for trading and bitcoin adoption after recognizing bitcoin as a legal payment method earlier this year. Data from BraveNewCoindan Cryptocompare show the Japanese market witnessed most of the world bitcoin trade over a 24-hour period.





The ban also caused a number of Chinese startups seeking a Japanese crypto-crypto exchange to register their tokens.

"The Bitcoin Rally continues from the more stringent regulatory environment around the world, especially in Japan," Gatecoin CEO Aurélien Menant told CNBC "This pushes more institutional funds into the market and we finally see the effects of this additional liquidity.

Elsewhere, the cryptocurrency observer points to an increase in Bitcoin network transactions using Segwit's segment forks that were activated in August over the weekend.