Are Asian markets creating a bubble in Bitcoin's price?

The price of Bitcoin has been rising so fast that it has been in the past two months that people do not know what to expect after. In Asia, the price is rising to new highs than many stock markets in the West. Now many people are wondering how healthy this price rise is and if the digital currency is in a bubble that can be followed by a profound correction.

The cryptocurrency fever in Asia is pushing the price up, but for how long will it last?

All are extremely focused on the price of bitcoin and the number of altcoins increasing its value exponentially. Some people think that the value of digital currency is moving too fast while others believe that the value of digital currency is moving too fast while others believe that global demand supports this price hike

A mixture of factors controlling the price

Currently, Asian markets are seeing massive buying and selling at higher BTC prices in contrast to many stock markets around the world. Korean markets are buying Bitcoin at over $ 4000 - and $ 1400 premium or 50% premium at the USD price. Korean volumes hold 11% of total bitcoin purchases. Moreover, prices are higher than the global average in Japan, India, and other regions as well. At the same time, the fever of Bitcoin, Korea, and other Asian countries are also seeing the significant volume of Ethereum, also as the high price in the ETH spread.

So it is a mix of factors that are controlling the price the scaling solution is eliminating the negativity that surrounded bitcoin in the western world, but the Asian markets with the premium that is dragging the price up with irrational exuberance.

What can we get out of this? because it is clear that the forecasts, at least current, emphasize that buying Bitcoins becomes a vital necessity before a market to the rise. Especially in India, the fact of buying Bitcoins at the best exchange rate of all Asia before a growing market is of paramount importance.