20 Oct '13, 5am

Bitcoin Climbs To Highest Since April, Led By Chinese Actions

Perhaps not incidentally, CNY price movement has been a notable leader in the latest rally. Overlaying CNY/BTC and USD/BTC trading history, it becomes clear that USD/BTC trading has been largely responsive to the Chinese markets. The graph below shows bitcoin trading in CNY markets, as well as USD/BTC levels converted to CNY for comparison. Overlaid on top of them is the differential between their prices at any given time. The differential tends to normalize around 2-3% and spikes/sinks periodically with price movement. In reviewing this chart, a consistent pattern becomes clear: CNY price movement occurs first, increasing the differential, with USD catching up much later and eventually sending the differential back down towards 3%.

Full article: http://www.zerohedge.com/news/2013-10-19/bitcoin-climbs-h...

Tweets

Bitcoin price soars to highest level since April bubble

Bitcoin price soars to highest level since Apri...

coindesk.com 21 Oct '13, 4pm

The price of bitcoin is currently at its highest level since 10th of April, when the value experienced a massive surge ami...

Bitcoin Climbs to Highest Price Since April, Led By CNY Movement

Bitcoin Climbs to Highest Price Since April, Le...

thegenesisblock.com 16 Oct '13, 2pm

Perhaps not incidentally, CNY price movement has been a notable leader in the latest rally. Overlaying CNY/BTC and USD/BTC...

Meanwhile, In Bitcoin...

zerohedge.com 24 Oct '13, 3pm

last week we noted that the cryptocurrency was quietly surging towards record highs once again as the debacle in Washingto...

The Chinese Are In Love With Bitcoin And It's Driving The Digital Currency's Prices Into The Stratosphere

The Chinese Are In Love With Bitcoin And It's D...

businessinsider.com 29 Oct '13, 6pm

crashed after the government shut down illicit online emporium Silk Road ? That now seems like a distant memory. Since rea...

This is big --> Today, Bitcoin climbed above $200 for the first time since April

This is big --> Today, Bitcoin climbed above $2...

stocktwits.com 22 Oct '13, 11pm

FinanceTrends started this conversation FinanceTrends Oct. 22 at 1:46 PM Attn journalists: fire up your "Bitcoin is a Bubb...

#bitcoin

bitcoinmagazine.com 20 Oct '13, 5am

The Bitcoin price has been shooting up quickly in the last few weeks, a movement that has surprised many especially since ...

Golfweek: Central Florida climbs rankings with deep roster: Like all good coaches, Em...

Golfweek: Central Florida climbs rankings with ...

golfweek.com 18 Oct '13, 3pm

Like all good coaches, Emily Marron knows that the key to success is in a competitive schedule. It’s that thinking that le...

Chinese internet giant Baidu starts accepting bitcoin

Chinese internet giant Baidu starts accepting b...

coindesk.com 15 Oct '13, 4pm

Search engine giant Baidu has announced it is now accepting payment in bitcoin for its Jiasule service, which improves web...