American buyers
-
Analysis: US trading hours become the main driver of Bitcoin bullishness
On March 21, it was reported that an analysis by Matrixport, a cryptographic service provider, showed that the hedging demand of American buyers was an important reason for the rise of Bitcoin. Markus Thielen, director of research and strategy, said Bitcoin has risen 44% since its fall on March 10th. The 31% increase was driven during US trading hours, indicating that Americans are buying Bitcoin. The pressure on American banking is not over yet. Interpretation of this information: The recent surge in Bitcoin’s value may be attributed to the hedging…
