The Japanese Crypto Trade Association found that the yen values of Bitcoin holdings on national stock exchanges for the first time overtook XRP. The result shows that during this year, the strength that Bitcoin gained in the cryptocurrency market has made it better known worldwide, even in Asia. Subsequently, there has been an increase in the volume of BTC investments in the continent.
When Bitcoin reached $14,000 this year, investors in Japan started paying more attention to the asset. Similarly, the volume of negotiations with cryptocurrencies was flourishing in the country. On the other hand, XRP, which was a high-trade altcoin in Asia, was left in the background until it reached the BTC domain framework.
Many experts have noted that the level of Bitcoin dominance in the Asian market has gradually increased. Usually, the value of XRP had exceeded that of BTC in Japan in December 2018, with a consequent domain period of eight months. Now, the entire market has been paying attention to recent asset movements, which remain in a very favorable perspective, especially for this month.
XRP continues to increase in Japan, and still shows that it has enough strength in the country as a cryptocurrency. With the recent inclusion of Bitcoin securities in Japan, there is a possibility that the asset can grow even more globally, especially with the support of the Asian market. It is necessary to keep in mind that BTC commands cryptography with a large percentage, and any momentum in its favor reveals interesting perspectives worldwide.
Bitcoin has been showing an image of instability, and a devaluation chart below five digits is proximate. At this time, the asset is falling, struggling to stay in the $10,000 range. However, what many analysts estimate is that in the next few hours the BTC is expected to have a price drop that could reach $ 9,750. XRP is in the top 5 cryptos in 2019, and its growth projection is going well.