According to BlockBeats, on February 29th, market data showed that the value of Bitcoin in RMB (Chinese Yuan) reached a historic high, trading at 455,000 RMB (equivalent to $63,229, with an exchange rate of 1 USD to 7.2 RMB). The previous high for Bitcoin in RMB was 442,290, with an exchange rate of 1 USD to 6.39 RMB at the time.