Bitcoin Price Hits $400 in China as Marketcap Passes $5 Billion

By November 3, 2015Bitcoin Business

While bitcoin price peaked US$376 across major bitcoin exchanges including Coinbase, Kraken and Bitfinex due to the surging demand from Chinese investors, whose local exchanges are seeing prices of US$400 per bitcoin. Buyers swarm to bitcoin

Since the Chinese government imposed capital controls in early September to prevent currency outflow, the bitcoin price as well as the user-base of major Chinese bitcoin exchanges including OKCoin and Huobi have been increasing at an incredible rate. […]

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