On the night of June 13 Bitcoin exchange rate broke through the level of $680 per Bitcoin and was at the maximum of $683.89 on the basis of trading in Hong Kong. According to the agency Bloomberg, the exchange rate struck Bitcoins with up to February 2014 against the background of the Chinese stock market downturn, weakening of the yuan and expectations of Fed actions.
According to OKCoin strategy Director Jack Lew, Bitcoin growth rate contributed to a growing interest on the part of venture capitalists and technology blockchain rise in popularity worldwide. "In a broad sense, we continue to watch the hype around blockchain that promotes the growth of interest in Bitcoins as an asset," - said Liu.
The rising cost of Bitcoin also comes amid a downturn in growth in the Chinese economy. According to official statistics, the volume of industrial production increased in May 2016 by 6% to May of last year. Investments in fixed assets increased in the first 5 months of this year by 9.6%, which was also lower than market expectations.
"Every time we see a weakening of the yuan, we see capital outflows increase, and as a result gain Bitcoin from this situation", - told Bloomberg head of product management ANX International Rabaglia Ryan.
According to OKCoin strategy Director Jack Lew, Bitcoin growth rate contributed to a growing interest on the part of venture capitalists and technology blockchain rise in popularity worldwide. "In a broad sense, we continue to watch the hype around blockchain that promotes the growth of interest in Bitcoins as an asset," - said Liu.
The rising cost of Bitcoin also comes amid a downturn in growth in the Chinese economy. According to official statistics, the volume of industrial production increased in May 2016 by 6% to May of last year. Investments in fixed assets increased in the first 5 months of this year by 9.6%, which was also lower than market expectations.
"Every time we see a weakening of the yuan, we see capital outflows increase, and as a result gain Bitcoin from this situation", - told Bloomberg head of product management ANX International Rabaglia Ryan.
