Bitcoin is going through the worst possible bearish market in recent times. In fact, after touching the $25,000 mark briefly in the recent past, the BTC price kept dropping sharply. The crypto coin witnessed large-scale liquidations. As a result, the price of the crypto coin recently went below $20,000 ark. At the tie of writing this article, the price of BTC stands at 20,004.75 USD.
However, there is one factor about the BTC market that keep drawing in new investors. This fact is that the BTC market never closes, unlike the stock markets. The stock markets have definite closing times during weekends. However, there is no such thing in the Bitcoin market. As a result, the users can trade BTC anytime, at their wish. Therefore, it is easy to trace the times of recovery and losses in the BTC market. However, at present, the best prices are for Europeans. If you wish to know more about this issue, then this article is the perfect stop for you. Keep reading to know more about the best prices that the Europeans are recording at present.
BTC Records: Asia Versus Europe
Regarding the place where the Bitcoin price is, there are many discrepancies among the most active regions. At times when Asia and Europe both have been most active, the losses are the most. Asia has the most crypto users. However, the large numbers have been unable to keep the price of BTC high.
In Asia, Bitcoin mining activities have faced much opposition. China has banned crypto coins and mining. Therfore, it is never surprising that the BTC price has been down 41.75% during Asian time in the last 8 months.
On the other hand, the US has the most crypto users. Apart from the investors, the non-investors are also showing interest in the crypto market. In fact, the US has performed better than Asia. Yet it is behind the European nations. In fact, in Europe, Bitcoin’s returns for the past 8 months are considerably low than in Asia and the US.
Concluding Lines
The European time has been really impressive for Bitcoin. In fact, the discrepancy between Asia, America and Europe is great. Europe has recorded a negative 1.36% bitcoin return. This is 41% better than Asia and 32% better than the US. In fact, the number of days in which there have been more than 1% in BTC returns is not that much larger in Europe. Therefore, Europe is performing better in this regard.
Also read: Take A Look At How You Can Trade Altcoins & Bitcoins In A Bear Market
