Quote from: XCoinCall on November 22, 2016, 09:43:53 AM

Do Bitcoin and Chinese Yuan Values Correlate?

https://news.bitcoin.com/bitcoin-chinese-yuan-correlate/

What do you think about this?

Cny somehow correlated to bitcoin price as bitcoin market based on its demand and supply which China miners have around 70% of the worlds bitcoin processing power. Chinese factories produce the cheapest microprocessors that run the mines. Chinese bitcoin exchanges represent a similar portion of global bitcoin trading, as they have highest rate bitcoin exchange and dominate bitcoin possession, so they have biggest impact to bitcoin.