https://bitcoinist.com/japanese-yen-us-dollar-bitcoin-pair/
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"According to data from Coinhills, the JPY has officially overtaken the USD in terms of bitcoin trading throughout the world. A total of 490,925.45 BTC were traded against the JPY over the last 24 hours.
Data shows that 49.10 percent of the entire Bitcoin $3467.62 +0.09% trading volume for the last 24 hours has been exchanged against the JPY, while the USD accounts for 45.80 percent.
Together, both currencies account for as much as 94.9 percent of all fiat currencies in BTC trading"
Data shows that 49.10 percent of the entire Bitcoin $3467.62 +0.09% trading volume for the last 24 hours has been exchanged against the JPY, while the USD accounts for 45.80 percent.
Together, both currencies account for as much as 94.9 percent of all fiat currencies in BTC trading"
95% ? I gotta say I'm a bit surprised by those numbers.
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In December, Bitcoinist reported on a study which claimed that Asia has more impact on Bitcoin price than America and Europe. The study cited major developments from Asia concerning cryptocurrencies, which had impacted the market by an average of 18.61 percent.
Thing are indeed moving fast in the East. Just a couple of weeks ago, one of Japan’s largest cryptocurrency exchanges, Coincheck, was registered with the Financial Services Agency.
Thing are indeed moving fast in the East. Just a couple of weeks ago, one of Japan’s largest cryptocurrency exchanges, Coincheck, was registered with the Financial Services Agency.