Price of Bitcoin Exceeds 1 Million Japanese Yen, 100 million Indian Rupees
Bitcoin Sets Price Turning point on International Markets As Japan is currently host to more than 62% of global trading volume, reaching the seven-figure milestone on the Japanese Yen Market is a big deal for bitcoin. According to cryptocompare, bitcoin broke above one million JPY at approximately 7 pm on the 25th of November EDT. The current Japanese Yen/BTC price as of when this message was given is roughly ¥1,300,000.
Seven hours after it broke above one million JPY, the South Korean bitcoin markets reached 10,000,000 South Korean Won for the first time ever. Currently, the Korean markets account for 10% of 24-hour trading volume, comprising the third-largest bitcoin market behind the United States. The current South Korean Won/BTC price is approximately ₩12,500,000.
Bitcoin Tests $15,000 in Australian, Canadian, and Singaporean National Markets
Bitcoin Sets Price Milestones on International Markets with the exception of an aberrant spike in the Australian Dollar/BTC price at the end of October, cryptocompare’s price index indicates that Australian Dollar trade convincingly exceeded $10,000 for the first time on November 16th at 4 pm EDT. AUD trade comprises the fifth largest national market with roughly 0.45% of 24-hour BTC trade. The current Australian Dollar/BTC price is approximately $14,400.
Singapore hosts the seventh largest national bitcoin market equating for roughly 0.34% of total trade. The Singapore Dollar/BTC price broke above $10,000 for the first time and is now currently trading for $14,500 approximately.
Canadian trade presently accounts for 0.2% of 24-hour trading volume, comprising the ninth largest national market. The CAD price of BTC broke above $10,000 for the first time at 2 am on November 17 EDT, with Canadian Dollar/BTC currently trading for $13,300.
Indonesia’s BTC markets comprise approximately 0.1% of 24-hour trading volume, currently making such the fourteenth largest national market. The Indian Rupee/BTC price broke above 100mln rupees at 9 am on November 1st EST, and at approximately midnight on November 29th EDT established a new turning point of over 150,000,000 rupees.
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