Bitcoin Hits 3-Year High Of $830 On Bitcoin-Friendly Trump Presidency & Uppercase Flying Out Of China
Image credit: Okcoin.com Bitcoin striking a 3-year high of $830 today. The ascension inward the value of the digital currency has been attributed mainly to uppercase flying from Red People's Republic of China past times many fiscal analysts together with cryptocurrency experts. At press time, bitcoin is trading on American & European exchanges around $820 per coin, exactly the digital currency is trading amongst a 20 dollar premium - ¥5846 per bitcoin ($842) - on Chinese exchanges. The piteous functioning on the yuan over the past times 3 years - which has devalued nigh 15% against the the U.S. of A. dollar since the starting fourth dimension of 2014 - has spurred an increasing drove of Chinese investors to expect to bitcoin every bit a means to save purchasing power. During the same 3-year period, Bitcoin has appreciated almost 24% against the yuan! Chinese fiscal regulators accept been trying to figure out ways to preclude uppercase flying via bitcoin since N