Bitcoin Taps $48K- Traders Discuss Overheated Stats and a Possible Chinese Ne...
The price of bitcoin soared to new heights after Tesla informed the public that it added $1.5 billion to the company’s balance sheet. Bitcoin touched an all-time high (ATH) reaching $48,216 per unit and has retreated in value a hair since then. While crypto enthusiasts are bullish, a few supporters and analysts believe the crypto asset might be overbought, and bitcoin prices may see a drop as we cross over into the Chinese New Year. The Crypto Economy’s Trillion-Dollar Market Cap Continues to Swell Bitcoin (BTC) has seen significant gains during the last 24 hours as the....
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This post was sent out to the members of our Crypocurrency Investment Club 3 hours ago. Welcome to the 4th CryptoCoaster video. In this episode, I discuss my recent trades, an important event in the coming week and a way to make money from a crypto exchange without trading. Links: 1) Bitfinex exchange. 2) Bitfinex USD liquidity stats. 3)Discussion page for Bitfinex stats page on BitcoinTalk. Correction: the creator of the stats page is named Bjorn de Wolf. - This is a part of the Cryptocurrency Investment Club by CryptoCoinsNews.com. Join our EXCLUSIVE Cryptocurrency Investment Club!....
BTC-e has opened up USD/CNH, BTC/CNH, and LTC/CNH markets today. Withlooming PBOC action that would end Chinese Bitcoin exchange's access to domestic bank accounts, Chinese traders are undoubtedly looking for new exchanges to trade on. Along with Chinese RMB (CNH to BTC-e) trading comes RMB deposits, which are handled through an international bank. An international bank means that Chinese traders wishing to convert fiat to crypto through this route will be subject to the Chinese $50,000 annual limit. In fact, people are starting to realize that the PBOC's still shrouded notice to regional....
Chinese traders still exert a major influence in the cryptocurrency market, even with all the distinct issues they must now face to operate. This is the opinion of several experts in the field that have weighed in on how the recent prohibitions and ban proposals from China are really affecting how Chinese bagholders that conduct their business in Asian and worldwide exchanges. Chinese Traders Still Big in the Market Chinese traders still have a big influence on how crypto markets move even with all of the difficulties they have to operate, according to different experts with knowledge....
The Chinese yuan’s offshore exchange rate against the U.S. dollar fell to a new all-time low of 7.33:1 just over a day after the conclusion of the Chinese Communist Party’s congress which gave President Xi Jinping the mandate to lead the country for the third time. Concerns over Xi’s unprecedented third term, as well as the reshuffle of his top team, are said to have sparked a sell-off of stocks that wiped billions from the wealth of China’s super rich. Chinese Yuan Has Depreciated by 7% Since Late August The Chinese currency’s offshore exchange rate versus the....
Chinese bitcoin exchange BTC China hit its all-time high at the weekend, trading bitcoin at ¥1,978 each. The record surpasses the previous Chinese high of ¥1,944 back in April this year, which, although Western media generally quotes the Mt. Gox high of $265, was actually equivalent to approximately $308. It seems the Chinese are willing to pay premium prices for their bitcoins, as exemplified by this recent breakout, with reports that much of the recent surge in the value of bitcoin can be attributed to the enthusiasm of Chinese traders. The thirst of Chinese traders. BTC China CEO Bobby....