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I wonder how much of the current BTC price spike is due to new Chinese coming into the market?
by robk 13y ago
I wonder how much of the current BTC price spike is due to new Chinese coming into the market?
- jamoes 13y agoA lot of the current price is because of the Chinese market. If you follow the price surges, usually the exchange BTCChina is the one that starts rising first, followed by the US exchanges. The Genesis Block did a good analysis on the Chinese markets a few weeks ago [1]. I really like the bottom chart in that article, which graphs the price differential between Chinese and US exchanges. [1] http://thegenesisblock.com/bitcoin-climbs-highest-price-since-april-led-cny-movement/ http://thegenesisblock.com/bitcoin-climbs-highest-price-sinc...