Bitcoin demand increase in Asia driven by remmitances
On May 31, one the biggest Bitcoin exchanges in China by OKCoin is back on track helping to improve the Chinese exchange market after the suspension of withdrawal transactions.
As a result, more Bitcoin investors are resuming their interest and driving up the demand for Bitcoin. Thanks to the resumption of withdrawals, Bitcoin is now traded at a premium rate in China compared to last year. Also, mainstream Chinese media coverage that shows Bitcoin as digital gold in the country increases Bitcoin demand for local traders.
Well described
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Well written