Chinese Traders Continue Investments in Bitcoin With a Huge Premium

Chinese Traders Continue Investments in Bitcoin With a Huge Premium

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Despite the Chinese government’s crackdown on initial coin offerings (ICOs) and cryptocurrency exchanges, local traders have invested in Bitcoin with a huge premium during its recent rally. As Cryptocoinsnews previously reported, the Bitcoin price achieved a new all-time high at $5,920 last week, moving closer to the $6,000 region. Analysts including billionaire hedge fund investor Mike Novogratz predicted the Bitcoin price to surge even further in the mid-term, as an increasing number of institutional investors engage in cryptocurrency and Bitcoin trading. When the price of Bitcoin […]