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Bitcoinist 2019-06-11 19:00:53

Bitcoin Price Shows Remarkable Correlation with Offshore RMB Futures

Bitcoin’s price has seen a dramatic resurgence of bullish support over 2019, which has allowed it to decouple away from a vast majority of traditional financial markets. But when we compare its performance to the Offshore RMB Futures market, however, we can see a striking resemblance between the two trends. Let’s take a look. What is the Offshore Renminbi Market Exactly? Renminbi (RMB) in Mandarin translates to ‘the people’s currency’, and has been officially recognizedRead MoreThe post Bitcoin Price Shows Remarkable Correlation with Offshore RMB Futures appeared first on Bitcoinist.com.

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