CHINA THEORY: Did this cause the Bitcoin price explosion?
The dramatic escalation of the US-China trade war caused the recent Bitcoin price spike as Chinese wealth flooded into BTC as a ‘safe haven’, DigitalX CEO Leigh Travers says.
“Chinese and expatriate Chinese around the world are contributing to the recent rise in the price of Bitcoin. They are seeing Bitcoin as a hedge against the falling Yuan,” he explains.
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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2 | 140000 | 0.052 |
3 | 393893 | 0.051 |
2 | 391043 | 0.050 |
1 | 10000 | 0.049 |
1 | 209625 | 0.048 |
Price($) | Vol. | No. |
---|---|---|
0.054 | 163949 | 3 |
0.055 | 555120 | 3 |
0.056 | 340000 | 2 |
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