Bitcoin, the biggest and original cryptocurrency, soared to a record $19,918 on Tuesday, buoyed by demand from investors who variously view the virtual currency as a "risk-on" asset, a hedge against inflation and a payment method gaining mainstream acceptance.
LONDON/HONG KONG: Bitcoin has grabbed headlines this week with its dizzying ascent to an all-time high.
Yet, under the radar, a trend has been playing out that could change the face of the cryptocurrency market: a massive flow of coin to North America from East Asia.
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