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Increased capital controls from China and increased speculation from the US. In speculative markets, rapid price increases can become self-reinforcing as they
by nugget 9y ago
Increased capital controls from China and increased speculation from the US. In speculative markets, rapid price increases can become self-reinforcing as they kick off press and attention which draw in even more speculators.
- xiaoma 9y agoMany of China's recent capital controls have been aimed at cryptocurrencies. This run is fueled by Japan and Korea (where the price actually went ~10% higher than on US-based exchanges).