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Bitcoin’s new regional price trend sees Asia and Europe in bullish sprint, US leads charge Bitcoin’s new regional price trend sees Asia and Europe in bullish sprint, US leads charge

Bitcoin’s new regional price trend sees Asia and Europe in bullish sprint, US leads charge

Data via Glassnode

As Bitcoin approaches $44k, regional trading hours reveal striking price dynamics.

Quick Take

The current trading session reveals an enthralling episode in the Bitcoin saga, with substantial price fluctuations in all three major regions. The metric spotlighted here marks the 30-day change during standard working hours (8 AM to 8 PM) for Asia, Europe, and the United States.

This assessment relies on a dual-step process: the allocation of price alterations to specific regions, followed by calculating the cumulative sum of these changes to ascertain regional prices.

Asia, which underwent a brief price dip, is now on an upward swing with a change of over 2,800 BTC for the past two trading sessions.

Asia month over month price change: (Source: Glassnode)
Asia month-over-month price change: (Source: Glassnode)

Europeโ€™s trajectory, marked by a change surpassing 2,200 BTC, is among the most significant this year, indicative of sustained bullish momentum.

EU Month over Month Price Change: (Source: Glassnode)
EU Month over Month Price Change: (Source: Glassnode)

However, the US outpaces both with an astounding price variation exceeding 3,600 BTC during its working hours, marking it the most bullish region.

US Month over Month Price Change: (Source: Glassnode)
US Month-over-Month Price Change: (Source: Glassnode)

As Bitcoin grapples with the $44k mark, the market is acutely agog with anticipation, noticing the positive bullish momentum across all three regions.


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