itBit Discusses China Catalysts to Bitcoin Bulls in Weekly Market

The start of last week saw the price of bitcoin at the $247 mark which rose steadily throughout the week until Friday, reaching a peak of $274 – 10.9% higher than the beginning of the week. Over the weekend the price dropped to $262 on Saturday before climbing to $264 on Sunday to end the week, an overall weekly increase of 6.9%.


itBit’s Director of Trading, Bobby Cho, sees possible “catalysts” for the price increase in China-based conferences, the Blockchain Workshop in Hong Kong and the First Global Blockchain Summit in Shanghai, as well as the announcement of Barclays’ partnerships with Chainalysis and Wave.


Based near Windsor, England, Matthew Warner is an enthusiast for innovative, cutting edge technologies. He is a B.Eng. graduate in engineering with honors from the University of Warwick and also holds an PGCE in education degree. Matthew is a member of Mensa.
Free AllCoinsNews Email Updates
Get the latest cryptotoken market news and blockchain developments!
We respect your privacy.