U.S. Sanctions against China Tailwind for Bitcoin’s Bullish Moves

Bitcoin anticipates market growth as White House National Security Advisor Robert O’Brien threatens China with economic sanctions over Hong Kong national security law. The warning could lead the People’s Bank of China to devalue yuan that, according to Naeem Aslam of AvaTrade, could prove disastrous for all currencies. Bitcoin and Gold could attract more buyers amid the distressing geopolitical crisis. Bitcoin once shared a near-perfect negative correlation with the Chinese Yuan. As the national currency fell, […]

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Author: toutiao