Bitcoin was steady on Tuesday as traders absorbed days of mixed signals over the state of trade relations between the US and China. The benchmark cryptocurrency shed about $280, or 2.37 per cent, off its rate as of 11:30 UTC. It dropped to a session low of $10,361.65 on San Francisco-based Coinbase exchange, erasing gains…
New data based on the delta between Chinese buyers and derivatives markets in Bitcoin markets suggests that much of the recent rally has been driven by crypto investors in China.But why are Chinese buyers dominating Bitcoin interest, and what is sparking the unusual phenomenon?Indicator Shows Chinese Buyers Are Dominating DerivativesBitcoin price may be falling currently,…