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RE: One Small Step for Russia, One Giant Leap for Cryptocurrencies!
Recent uptrend is just in part due to japan right? Also, i think if russia manages to regulate people will switch to Zcash or other fully anonymous Crypto's, right?
Of course, but governments are gonna do what governments do right up to the bitter end.
Yes it is in part due to Japan, a pretty big part though if you ask me. The Yen had been dominating the trading volume for weeks during it's surge. South Korea has recently been a big player as well. Basically several parts of Asia have been responsible for most of the surge in my opinion.
Thank you for taking the time to answer @jrcornel!
Also, if you'd permit me a minnow question; how does one get to know these things? I read coindesk everyday and allways follow Steemit posts about Crypto but don't seem to become much wiser on the area of causes of surges or drops in $.
Keep reading! Google bitcoin and cryptocurrency and read all the latest news stories each day. You will find yourself getting "smarter" in no time. Also, regarding those trading numbers you can look up Bitcoin volume in fiat terms on an exchange and get an idea of who is doing the buying and selling.
If you scroll down to a couple of my posts from a few weeks ago. I posted a couple images that showed the Bitcoin volume in Yen and KRW.