Bitcoin continues exponential rise, nears $1,150 in China

Posted on Tuesday, November 19 2013 @ 10:37 CET by Thomas De Maesschalck

The exponential rise of cryptocurrency Bitcoin over the past couple of weeks has left many people scratching their heads. Trading in recent days has been extremely wild, with massive upswings typically followed by a mass wave of selling before hitting yet another record level.

In US dollars the virtual currency hit a peak of over $900 today but it seems the real action is happening over in China.

Bitcoin over 900

Over at the Renminbi-denominated BTC China exchange, pricing hit even higher levels than at Mt. Gox. At press time, the BTC China exchange recorded a peak of 6989 yuan, the equivalent of USD$1147.22!

Bitcoin craze in China

Will Bitcoin continue to soar or is a big crash unevitable? What do you think?

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

Loading Comments

Share this story!