What is that like $5? Sweet dump...
like $14
apparently it is a different world in bitcoin-cny market!
you see the topic saying dump and we check the market and see the price is almost the same $570 as it was before so maybe it is because of the difference of price (according to google 3875 cny is ~ $590)
That's true. USD amount is now meaningless.
over 90% BTC is traded in CNY.. I think..
if it was meaningless the price of bitcoin in USD would have gone up to match the price in CNY not the other way around.
besides it is not 90% of the market and the high volume there is because of the zero fees which lets them trade easier. and the rest of the world is trading USD.