A couple of experts have recently provided compelling evidence that shows that the Asian market had a prominent role to play in the recent Bitcoin price surge.
The Return of the Far East Bitcoin Bulls
In the wake of the recent Bitcoin price surge, many analysts have tried to come up with a reasonable explanation to explain the price movement.
However, two analysts; Mati Greenspan of eToro and Clem Chambers of ADVFN, believe that a trading volume spike in the Asian market caused the BTC price rally.
In a series of tweets, Greenspan, a senior analyst at eToro highlighted an increase in volume in both Japanese and Korean markets at the time of Bitcoin price surge above $ 8,000.
Images courtesy of Twitter (@MatiGreenspan), Coinmarketcap, Shutterstock
The post Bitcoin Price Surge Due to Increased Trading Volume in Asia, Says Experts appeared first on Bitcoinist.com.
The Bitcoin price in December is now a key focus, given that the market ended November on a weak note. Bitcoin dropped more than 17% this month, breaking its usual November trend and raising questions about whether the recent $80,000 bounce was the real bottom.
Bitcoin Magazine
Bitcoin Price Dip Or New Bear Market?
Bitcoin Price Under Pressure as LTHs Distribute: Rising VDD Multiple & Falling Long-Term Holder Supply Show No Capitulation Yet.
Bitcoin has spent the past several weeks trapped in a persistent decline, wiping hundreds of billions of dollars from its market value and reversing nearly a year’s worth of gains. The pullback has pushed the price far below its October all-time high of $126,000 and has dragged sentiment with it as traders search for answers.
Bitcoin Magazine
Bitcoin Price Teeters at $93,000 as Bears Press Their Advantage
Bitcoin price is struggling to hold $93,000 as thin liquidity, leverage-driven volatility, and a critical break in market structure fuel one of the most bearish stretches of the 2025 cycle.
Bitcoin Magazine
Bitcoin Price Jumps Near $94,000 After Sub-$90,000 Dip
Bitcoin price briefly fell below $90,000 overnight before rebounding to the $94,000 range, trading near its weekly high, with over 19.
Bitcoin Magazine
Bitcoin Price Freefalls Down to $91,0000 and New Lows
Bitcoin price has fallen nearly 30% from its early October peak near $126,000, trading in the $92,000–$95,000 range as investors weigh Fed uncertainty and missing economic data.
Bitcoin Magazine
Bitcoin Price Plunges to $94,000, Hitting Six-Month Low as Macro Fears Mount
Bitcoin price was trading between $94,000 and $97,000 today, its weakest level since early May and a steep fall from October’s $126,296 all-time high.
Bitcoin Cash price is under selling pressure, testing support near $470. 8 and $460. 3. Bitcoin pullback and market fear amplify downside risks for the BCH price. Key resistance sits at $528. 85, with potential upside if support holds.
Bitcoin Magazine
Bitcoin Price Crashes Below $98,000 Close to Six-Month Lows
Bitcoin price plunged to $98,000 as long-term holders sold at record levels, institutional demand weakened, and broader market fatigue set in amid a fragile post-shutdown U.
After months of upward momentum, Bitcoin is pausing to catch its breath. The Bitcoin price is solidly above $100K, and volatility is near the lowest it’s been in years. Analysts see this consolidation phase as reminiscent of past pre-rally setups,…
Bitcoin’s rally has hit a pause near the $105,000 level after a strong post-halving recovery, leaving traders on edge as the world’s largest cryptocurrency tests key resistance zones that could decide its next major move.
The price of Bitcoin has struggled so far in the month of November, briefly falling below the psychological $100,000 level twice already. Although the flagship cryptocurrency appears to be in a state of calm this weekend, a recent on-chain evaluation shows the possibility of more price corrections in the short term.
Bitcoin price has plummeted into a bear market after falling by 20% from its highest level this year, and top technical indicators point to a steeper crash in the near term. Bitcoin (BTC) was trading at $101,900 on Sunday, down…
Bitcoin Magazine
Mathematically Predicting Bitcoin Price Floor
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Bitcoin price has rebounded above $103,700 after narrowly avoiding a breakdown near $98,900. But weak money flow, continued hodler selling, and a looming bearish crossover suggest the recovery remains fragile.
Bitcoin Magazine
Bitcoin Price Slumps to $102,000 as Fed Policy, Investor Sentiment Pressure Markets
Bitcoin price slumped to below $102,852 before rebounding as the broader crypto market still tries to gain its footing.
Bitcoin Magazine
Bitcoin Price Crashes to $106,000 As Bulls Eye Strong November
Bitcoin price continued to drop today, crashing to lows of $105,200.
This post Bitcoin Price Crashes to $106,000 As Bulls Eye Strong November first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
Key Takeaways
What is the main factor driving the recent sharp price decline in Bitcoin?
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