The last 5 days have seen Bitcoin prices (in dollars) soar over 18% and over 20% in Yuan as volumes on Chinese exchanges continues to build, seemingly anticipating notable Yuan devaluation (confirmed by various derivative bets being placed on the Chinese currency) and/or further capital controls looming as yet another hot money Chinese bubble explodes in commodity-land.
Is another major Yuan devaluation looming?
Last week saw the heaviest Bitcoin trading ever on Chinese exchanges...
Notably, gold was well bid overnight also...
