Post
Topic
Board Speculation
Re: It's clear now China have higher amount bitcoin
by
alyssa85
on 20/09/2017, 10:00:00 UTC
In last week bitcoin price because of Chines police regarding  BTC and made affect for rate so here China have higher rate  it's rights or not

Bitcoin was trading at a premium in China compared to global exchanges, prior to the government's crackdown. But all that changed once the government took action. If you check coinmarketcap.com Now, you will find Bitcoin trading at a significant discount in China.

It's because they are desperately trying to sell for fiat and withdraw from the exchanges before Seot 30th. (I don't think they can withdraw bitcoin - pretty sure the Chinese banned that in Feb while they were investigating the exchanges).