As Bitcoin climbs above the $11,000 level and is ready for new highs, there seem to be companies which are adopting the cryptocurrency. A news provider in China named Sina Finance is one of them and as the world’s 32nd largest financial news portal, it is featured on many best cryptocurrency news sites for this big adoption.
It all began on Wednesday, when the news provider in China named Sina Finance introduced a new cryptocurrency index which lists the price and time-based performance of all the top digital assets. The snapshot provided by cnLedger, a preferred source of all the Bitcoin and altcoin news from China, showed that Bitcoin was listed alongside Bitcoin Cash, Litecoin, XRP, Ether, Ethereum Classic and Tether.
As further information from the news provider in China revealed, Sina Finance also added candlestick charts as well as a cryptocurrency and blockchain news feed. The company did not release any press statement about its new set of crypto-friendly features. Nevertheless, these useful integrations follow a series of reports about the increased demand for Bitcoin among Chinese investors and how it is again rising.
The latest cryptocurrency news also show that Bitcoin is up by more than 200% this year, and the search trend for the keyword “Bitcoin” is picking up a lot of momentum, reflecting upon the need for services like the one introduced by the news provider in China.
Meanwhile, the Baidu search giant came up with new analytics in which it showed that there was a three times surge in Bitcoin-related trends last week compared to the previous six months. As the general partner at Wyre Capital Management LLC Louis Aboud-Hogben said, the numbers for Bitcoin went up despite a weaker coverage of the Bitcoin price rally by the Chinese media.
“It looks like the level of activity is already at a meaningful % of the (choppy) numbers seen during the 2017/18 bubble (~40,000 now vs. ~60,000). Not sure how like-for-like this index data is but it suggests the market is a lot hotter in China [region] vs. west,” Aboud-Hogben said.
The latest series of events followed by the Bitcoin price boom and the BTC adoption by the news provider in China all confirm that Bitcoin is more than just a passing trend this year and could definitely rise to new all time highs.
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