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Author Topic: [2016-09-04]Rapid Bitcoin Price Surge; Yuan Devaluation & Market Recovery  (Read 191 times)
WishICanTurnBackTime
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September 04, 2016, 03:56:05 PM
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After a month of dreaded stability, the price of Bitcoin began to surge rapidly, increasing from US$590 to $610 in a matter of hours.
Amidst many speculations, financial experts believe that the ongoing rally in Bitcoin price is highly affected by an unexpected devaluation in Yuan announced during the G20, an international meeting of the governments and central bank governors from 20 major economies.

http://www.livebitcoinnews.com/rapid-bitcoin-price-surge-yuan-devaluation-market-recovery/
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September 04, 2016, 11:47:06 PM
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So the increase in demand came from China,  I thought it came from the early Christmas shoppers. Guess I was wrong Roll Eyes

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