Bitcoin Breaks All-Time High in China, $17 Billion Market Cap
Bitcoin has hit its all-time high price on pioneering Chinese exchange BTCC (formerly BTC China), reaching almost 7,700 yuan. Chinese Investors Push Bitcoin to New All-Time High. As of 21.30 PST January 3, the price of a coin reached 7,658.19 yuan, beating a 2014 high of 7,588.88. The CEO of China’s oldest Bitcoin exchange BTCC Bobby Lee marked the occasion tweeting, The spike comes in light of widely-expected renewed efforts by Chinese authorities to stem capital outflow from the country’s slowing economy. As of July 2017, “banks and other financial institutions in China will have to....
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