Bitcoin reaches all-time high in Chinese Yuan
Bitcoin (BTC) reached record highs in Chinese Yuan (CNY) amid an impressive bull rally in late February. However, things are more complex than what they look like at first glance in the financial market. The BTC/CNY exchange rate reached ¥426,878.00 on February 28, as reported by Lex on X (formerly Twitter). Interestingly, Lex used this price action as evidence of Bitcoin exposing “bad financial habits of central banks across the world.” This recent movement surpassed previous highs from 2021, as observed in the chart. Surprisingly, however, other indexes consider a different all -time high for Bitcoin against the Chinese Yuan. Picked for you IRS turns to private-sector crypto experts to boost enforcement 45 mins ago Here's what crypto the jailed FTX founder is advising prison guards to buy 2 hours ago Ripple v. SEC case update for end of February 2024 4 hours ago How rich is the world's most successful podcaster – Joe Rogan's net worth rev...