Home
News
In Focus
Business
Metro
Nation
World
Sports
Feature
Opinion
View more »Opinion Columns
Wan LixinOpinion deputy editor of Shanghai Daily
Restaurants get off to a quick start thanks to game-changing policies
High service charges on event ticket refunds call for further regulation
Sunday
- Subscribe
Bitcoin price hits high in 4 months
Print Edition
THE price of Bitcoin surpassed 5,000 yuan (US$739) in the first trading day of November, hitting a high in four months, the Bitcoin trading platform said yesterday.
The price of Bitcoin, a form of digital currency created and held electronically, surged above 20 percent in the past month and hit a daily high of 5,025 yuan yesterday afternoon. But the price was still way below the 8,000 yuan peak in 2013, industry officials said.
Transactions totaled 11 billion yuan yesterday, double the 5 billion yuan on a normal day, said Huobi.com, one of the Chinese Bitcoin trading platforms.
The yuan’s depreciation and uncertainty of the global environment, especially US political changes, have pushed investors to Bitcoin, said Zhu Jiawei, chief operating officer of Huobi.
The lack of better investment channels in China has also made Bitcoin an attractive investment option, analysts said.
Bitcoin, seen as another investment option for investors, is produced by people and businesses running computers globally, using software that solves mathematical problems.
China takes up 80 percent of Bitcoin trading worldwide and over 70 percent of Bitcoin output globally, said a recent report.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
