Quote from: Red-Apple on June 10, 2016, 08:57:48 AM

Quote from: korila on June 10, 2016, 05:35:27 AM

Quote from: Herbert2020 on June 10, 2016, 05:27:36 AM

Quote from: korila on June 10, 2016, 05:11:53 AM

Quote from: Alley on June 10, 2016, 01:53:46 AM

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.

You guys know that the Chinese yuan isn't free-floating but instead is pegged to a basket of currencies (dollar, pound, euro, yen and swiss franc). That's why the movement was so closely correlated.