Why Are Prices Different In Crypto Money Exchanges?
All users are wondering why the prices are different in domestic and international virtual currency exchanges. If we give an example to this situation from Bitcoin; The prices of currencies such as the dollar, euro and sterling vary according to factors such as supply and demand. Likewise, the price of Bitcoin increases according to the supply and decreases according to the demand. In addition to all these, global developments also have a great impact.
In general, if the number of buyers in the stock exchanges is high, the price increases, while if the seller is more than the buyer, the price decreases. If we formulate briefly; If the purchase is high, the price increases; if the selling demand is high, the price decreases.
In some countries, the BTC price is 20 to 30 percent higher compared to other countries. This situation arises from the abnormal purchase demand in that country. In this way, intense buying requests from crypto money exchanges drive the price to increase.
When we leave Bitcoin aside, we see that some altcoins are much more common in certain countries. These coins, which are used in daily life, are valued at a higher price compared to other exchanges because they are also used in trade and shopping. Countries such as South Korea were removed from some evaluation sites due to the heavy buying demand in the crypto money markets. As a result of this development, altcoins such as Ripple (XRP) lost value. In South Korean markets, such altcoins were priced at high volumes.
When we take a look at the stock markets in the Turkish markets, we can see that the prices are frequently variable. For example, there were big price differences when Bitcoin was on the rise. As a result of this situation, buyers in our country showed an intense demand for Bitcoin. Price differences occur because they do not demand sale and hold their existing digital assets.
In a market with excess purchases and stagnant sales, if purchases exceed sales, the value increases upward. On the contrary, when sales rise, the price will trend down.
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