The dollar gained the dominant market position that was purchased early in 2014 before progressing on the most popular Bitcoin parity segment until the end of 2017.
In a statement published by Morgan Stanley, Bitcoin Decoded, a text section, gives FIAT according to variable, plant year turnover position:
The above table is not a clear indication of the geographical distribution of bitcoin trade. For example, American dollars were used in many countries outside the United States. However, we can say that Bitcoin is a general indicator of global trade distribution.
The yuan-bitcoin exchange rate, which dropped from 90% in December 2016 to 30% in January 2017, collapsed to create this massive collapse of the market, China's central bank potential market manipulation, money laundering and an unofficial source of research. it supports the same initiatives initiated by the investigation conducted by the largest Bitcoin markets in the country.
The collapse of the Chinese market peaked when the crypto currencies were banned in September, and the work of large platforms ended. According to Morgan Stanley's table, the volume of yuan-bit spouse fell to 0% in November.
With the yuan decline in US dollar volume, Japan's Bitcoin market is new and has seen an increase in trade in the euro. Bitcoin said that in 2017, institutional investors in the US will show an increase of 1,500% against the dollar, leading many investors to lead the digital currency.
The Japanese government has increased Japanese volumes since it adopted BitCoin as the official payment method in April this year.
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