Bitcoin Price and the Yuan

Bitcoin price diverged between exchanges today as a surprise yuan devaluation shifted buying pressure to the BTC/CNY exchange charts. The yuan is responsible for the greater bulk of bitcoin trade and showed its influence in the chart today. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis Time of analysis: 15h22 UTC BTC-China vs Bitstamp 1-Hour Charts From the analysis pages of xbt.social, earlier today: The surprise devaluation of the yuan, today, had price diverge between […]

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