China Buying Sparks Bitcoin Surge

Chinese investors are pumping up bitcoin again, sending prices up nearly 16% in the past four days just two years after the country that was at the center of a boom and bust in the crypto-currency.

The four-day surge in bitcoin since Friday has added $1.2 billion in market capitalization for all bitcoin in circulation, according to data from On Monday, prices moved up as high as $525.49 per bitcoin, though that’s…

Read more ... source: TheBitcoinNews