Concurrent buying of Bitcoin and Ethereum in EU, US, and Asia breaks six-month trend James Van Straten · 43 mins ago Increased interest and bullish sentiment towards Bitcoin and Ethereum in Asia, US and EU 1 min read Updated: January 18, 2023 at 6:07 pm Definition This metric shows the 30-day change in the regional price set during Asia, EU, and US working hours.Regional prices are constructed in a two-step process: First, price movements are assigned to regions based on working hours in the US, Europe, and Asia.Regional prices are then determined by calculating the cumulative sum of each region’s price changes over time.Quick Take – For the first time in 6 months, all three regions, the EU, the US, and Asia, are accumulating Bitcoin and Ethereum.- Asia buying is always a healthy sign, even if it’s muted compared to previous cycles.- Asia has been the smart money of the Bitcoin ecosystem for several years, as they tend to buy the dip and sell during bull runs.Latest Insights Top posts central bank of egypt2 hours ago Nearly $1 Billion Poured Into Egypt’s Forex Market — Local Currency Now World’s Worst Performing Currency In 2023 The Egyptian central bank recently claimed that its decision to devalue the local currency has been vindicated by foreign investors’…Uncategorized4 hours ago Digital Currency Group Suspends Dividends Amid Regulatory Trouble With Subsidiary Genesis According to a shareholders’ letter from Digital Currency Group (DCG) viewed by finance and crypto publication Coindesk, the company has…
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