Bitcoin continues to rally under pressure from Chinese buyers who are leading the pack on an aggressive buying strategy late into December, 2016, according to recent volume and price reports. One of the main exchanges in China 比特币 对 人民币 – continues to drive prices as demand increases.
Here are some recent snaps from the Yuanbao exchange:
As you can see, on many Bitcoin changes where the demand is not as strong, the price is lower, but with the high Chinese volume, you can bet that these other exchanges will have their prices adjust upward as people scramble to buy BTC at lower prices, and then transfer it to Yuanbao exchange for higher profits.
While the spread is not overwhelming, it does signal that a price increase on the other markets is likely to come very soon.