Bitcoin set for the best week since June driven by strong Chinese demand

EqR6yWO5w0The depreciating Chinese RMB has boosted demand for bitcoin as Chinese investors sought protection from the weakening yuan.
The BTC/USD exchange rate is now back above the $720 per Bitcoin level, marking a jump of about 12% in just a week.
In the last twenty-four hours alone Bitcoin rose by over 3% trading on high volume, about 95 million USD, and the bitcoin market cap is now over 11.5 billion USD.

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