Another Bubble Bursts – Bitcoin China Crashes Over 30%

Thursday, January 5, 2017
By Paul Martin

by Tyler Durden
Jan 5, 2017

First it was Chinese stocks, then Chinese real estate (twice), then Chinese commodities (twice), and now Chinese Bitcoin’s bubble has burst as a massive short squeeze on the offshore Yuan combined with comments on ‘virtual’ capital controls has sparked a bloodbath in the cryptocurrency from 8,896 yuan to 6,101 yuan in the last few hours…a 31% collapse.

The Rest…HERE

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