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Chinese currency problems will weigh on Bitcoin (BTC): crypto analyst

by SuperiorInvest

The tightly controlled Chinese yuan (CNY) has fallen 1.39% against the US dollar, and its offshore Hong Kong version, CNH, posted a 1.25% drop. China’s benchmark stock index, the Shanghai Composite, has fallen more than 7% to its lowest level since March 2020, according to data from charting platform TradingView.

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