After a short pause on Wednesday, bitcoin stages the rally again. The price of digital currency fluctuates around $332.

According to CoinDesk, the bitcoin price at 07:20 GMT was $322. In the last 24 hours it gained about $25.

Hong Kong-based OKCoin exchange leads the rally. There bitcoin costs 1% higher than on any other exchange today.

The rally began last Saturday with Chinese exchanges in lead. The trading volume of OKCoin this Thursday was far ahead of all other bitcoin exchanges. More than 40% of all operations passed through OKCoin. Huobi and BTCChina were the second and third largest bitcoin exchanges by trading volume. The peak of trading volume was recorded on Wednesday at 14:53 GMT, when OKCoin had 7,76k BTC.

Bitcoin rally began with the spike of bitcoin price on OKCoin. According to CoinFox analysis, the rally was likely caused by with the decision of the Chinese regulators to ease the benchmark rate. The measure was aimed at helping the market to recover, but triggered insecurity among the brokers, some of whom might opt for bitcoin.

Later on Thursday the special committee of the Communist Party of China allowed families in the country to have two kids. According to Bloomberg, the decision triggered the rally of the child-related shares (China Child Care Co soared 28%) but could not stabilise the market. This might have caused another increase of bitcoin price.

Roman Korizky