Bitcoin’s recovery continues apace, with prices passing $11,600 in the morning’s trading.
According to CoinDesk’s Bitcoin Price Index, at around 07:00 UTC today, the cryptocurrency reached $11,645.12, before dropping slightly again. At time of writing, the bitcoin global average was at $11,462.
Notably, valuations are higher over on data provider CoinMarketCap, where high prices in South Korea seem to be inflating the figures. At press time, bitcoin was quoted at $11,591 – up 5.5 percent over 24 hours, and 35 percent for the week.
The site’s market data reveals that, on South Korean exchanges Bithumb and Upbit, bitcoin is changing hands via the BTC/KRW pair at over $12,300.
Read full article: https://www.coindesk.com/bitcoin-price-ticks-higher-amid-strong-korean-demand/