US dollar Falls Against Bitcoin In Move Lead By Chinese Trading

The value of the United States dollar has been falling sharply over the past week as evidenced by prices reported by various exchanges. Compare today:

gribble: Bitstamp BTCUSD last: 515.98, vol: 12731.63597753 | BTC-E BTCUSD last: 504.248, vol: 15287.34937 | Bitfinex BTCUSD last: 525.01, vol: 78077.20951914 | CampBX BTCUSD last: 455.0, vol: 8.61002736 | BTCChina BTCUSD last: 582.162181, vol: 98456.32250000 | Kraken BTCUSD last: 523.412, vol: 5386.22732809 | Bitcoin-Central BTCUSD last: 489.06, vol: 175.11466033 | Volume-weighted last average: (1 more message)
gribble: 549.658128339

To May 27th:

gribble: Bitstamp BTCUSD last: 470.26, vol: 12079.16275283 | BTC-E BTCUSD last: 467.8, vol: 12941.60984 | CampBX BTCUSD last: 451.0, vol: 4.26073272 | BTCChina BTCUSD last: 496.321332, vol: 74752.45100000 | Kraken BTCUSD last: 470.9, vol: 1744.79227392 | Bitcoin-Central BTCUSD last: 471.5728, vol: 209.9632246 | Volume-weighted last average: 489.10970125

Notice from today's report that Chinese trading is leading this devaluation of the United States dollar. Chinese traders have also been substantially divesting from non-dollar United States assets at an accelerating rate for the past several years. Sorry for your loss.

One thought on “US dollar Falls Against Bitcoin In Move Lead By Chinese Trading

  1. So have other fiat currencies, some more sharply. This is misleading.

    You can feed your hate of the "USG" on better news; those aren't lacking, e.g.

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