Prices of quark are spiking higher today on news that Chinese cryptocurrency site, BTC-38, has launched trading in the digital currency. After trading around 0.00008 BTC yesterday, prices hit a high of 0.000145 on Cryptsy today. Similar to demand increasing last month as the digital currency was added to CoinMkt among other exchanges, today’s news brings Quark in easier access to Chinese traders. Perhaps best described as the ‘Cryptsy of China’, BTC-38 offers its customers a growing list of alt-coins available for trade. In addition to exchange services, BTC-38 also provides industry news as it curates trading analysis and news events from various sources.
At its current highs, prices are near the 0.00015 level that they had found some support levels last month. However, even after today’s 50% surge, QRK/BTC is still well off its all-time highs of just above 0.00030 that was set both at the end of November and beginning of December 2013. As a result of the current run-up, quark’s market cap now sits at $26.9 million, as it trades at around $0.11 with a float of over 247 million currencies.
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Chart Source: Cryptsy