Why These Bitcoin Price Moves Are All About China

The sudden 20% jump in the Bitcoin price over the past week can be traced back to buying in China. The Chinese became interested in the digital currency back in 2013 and now are responsible for more than 90% of the world's Bitcoin trading. But the rapid rise in the Bitcoin price had a trigger. Here's why Chinese investors made a mad dash for Bitcoin last week... Tags: bitcoin price To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2016 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Why These Bitcoin Price Moves Are All About China appeared first on Money Morning - We Make Investing Profitable .