Bitcoin Price Tops $11,600 Amid Keen South Korean Trading

Bitcoin’s recovery continues apace, with prices passing $11,600 in the morning’s trading.

According to CoinDesk’s Bitcoin Price Index, at around 07:00 UTC today, the cryptocurrency reached $11,645.12, before dropping slightly again. At time of writing, the bitcoin global average was at $11,462.

Notably, price are higher over on data provider CoinMarketCap, where high prices in South Korea seem to be inflating the figures. At press time, bitcoin was quoted at $11,591 – up 5.5 percent over 24 hours, and 35 percent for the week.

The site’s market data reveals that on some South Korean exchanges, bitcoin is changing hands via the BTC/KRW pair at over $12,300.

Data via CoinMarketCap.com

That price differential may mark returning confidence in South Korea after regulatory actions and statements in recent weeks caused market fears and a resulting drop in prices globally…

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