Gold Coast Money Online
Advertisement
  • Home
  • Gold
  • Cryptocurrency
  • Make Money Online
  • Product Reviews
No Result
View All Result
Gold Coast Money Online
  • Home
  • Gold
  • Cryptocurrency
  • Make Money Online
  • Product Reviews
No Result
View All Result
Gold Coast Money Online
No Result
View All Result
Home Cryptocurrency

Who is buying crypto — Regional Market Overview: Asia and Europe vs the U.S.

Wayne Russo by Wayne Russo
July 24, 2022
in Cryptocurrency
0
586
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

To get a good understanding of the global market, you need to zoom out from daily and weekly closes. The Month-over-Month price change is one indicator that gives a good view of the overall market health. This measure shows the 30-day changes in regional prices during U.S., E.U. and Asian working hours. These regional prices are often determined by adding up the price changes in each region over a 30-day period.


Asia Smart MoneyAn analysis of the MoM Bitcoin price changes from October 2021 through July 2022 shows several interesting trends.
A trend started in Asia at the beginning of May 2022 that showed a growing bullish sentiment towards Bitcoin. The trend, highlighted in the black square of the graph above shows that investors in Asia have seen the greatest gains in crypto industry.
The above chart clearly shows that Asian investors have been dominant in the crypto market over the past two year and that the vast majority of smart money is coming from the Far East. Asia investors have been able sell the top of 2021 and then buy the bottom of 2021, as well sell the first pump at the summer’s lowests.
Asian investors were among the first to purchase Bitcoin when it dropped to $40,000 late last summer. They also sold Bitcoin in November 2021, when Bitcoin reached its highest point.
Trading volumes in Asia reached their highest level since last summer’s low prices. This was when Asia was taking advantage of the lower prices to offset mass sell-offs in America and Europe. Europeans and Americans are now more concerned about the crypto market after the Luna collapse and subsequent insolvency at some of the industry’s biggest players, Three Arrows Capital and Voyager. The situation was worsened by miners’ capitulation and a broader macroeconomic outlook.
But, it seems that the narrative of Asia-led change is happening quickly.
Data from July 2022 shows that accumulation is also occurring outside of Asia, with the U.S.A. and E.U. Markets are beginning to accumulate for the first time since April. This could be a sign that Bitcoin is becoming a more valuable asset in times when geopolitical and macro uncertainty prevails.

US Month-over-Month Price Change by Glassnode Annotated by CryptoSlate

US Month-overMonth Price Variation by Glassnode Annotated By CryptoSlate

EU Month-over-Month Price Change by Glassnode Annotated by CryptoSlate

EU Month-over–Month Price Variation by Glassnode Annotated By CryptoSlate

Asia Month-over-Month Price Change by Glassnode Annotated by CryptoSlate

Asia Month-over–Month Price Variation by Glassnode Annotated By CryptoSlate

Who is buying crypto? — Regional Market Overview: Asia, Europe, and the U.S. CryptoSlate.

You might also like

18-AUG-2022

Research: Options market analysis suggests Ethereum Merge may be a “buy rumors, sell news” event

16th-AUGUST-2022

Most effective day trading products! Click here

Did you miss our previous article…
https://www.goldcoastmoneyonline.com/axie-infinitys-resurgence/

Share this:

  • Facebook
  • Pinterest
  • Twitter
Previous Post

Get PS500 off your ISA by making a monthly payment!

Next Post

Craigslist is one of 16 sites that allow you to sell your stuff and make money online.

Wayne Russo

Wayne Russo

Related Posts

Cryptocurrency

18-AUG-2022

by Wayne Russo
August 18, 2022
Cryptocurrency

Research: Options market analysis suggests Ethereum Merge may be a “buy rumors, sell news” event

by Wayne Russo
August 17, 2022
Cryptocurrency

16th-AUGUST-2022

by Wayne Russo
August 16, 2022
Cryptocurrency

Monero has a new upgrade that enhances privacy and security features

by Wayne Russo
August 15, 2022
Cryptocurrency

Binance holds the largest Bitcoin amount on exchanges, after Coinbase roles have been reversed

by Wayne Russo
August 14, 2022
Next Post

Craigslist is one of 16 sites that allow you to sell your stuff and make money online.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • 18-AUG-2022
  • 23 Legit Typing Jobs from Home in 2022
  • Research: Options market analysis suggests Ethereum Merge may be a “buy rumors, sell news” event
  • 10 Best Index Funds to invest in 2022
  • 16th-AUGUST-2022

Recommended

10 Places You Can Find Free Firewood Close to You

April 27, 2022

Earn more money as an Uber driver

May 12, 2022

Gold Coast Money Online

Categories

  • Cryptocurrency
  • Gold
  • Make Money Online
  • Product Reviews
  • Products Launches

Pages

  • About Kirk Heisenberg
  • Contact
  • Disclosure
  • Privacy Policy
  • Terms of Use

Recent News

18-AUG-2022

August 18, 2022

23 Legit Typing Jobs from Home in 2022

August 18, 2022

© 2022 All Right Reserved by goldcoastmoneyonline.com

No Result
View All Result
  • Home
  • Gold
  • Cryptocurrency
  • Make Money Online
  • Product Reviews

© 2022 All Right Reserved by goldcoastmoneyonline.com