CoinTurk News
2023-09-22 05:55:57

China’s Capital Flight and Its Potential Impact on the Crypto Market

According to Arthur Hayes, the founder and former CEO of BitMEX, the potential capital flight from China is an important trend to watch and could directly affect the cryptocurrency market. Capital Flight in China Data from Google Finance shows that the Chinese yuan (CNY) has declined by over 5% against the US dollar since the beginning of 2023. The post China’s Capital Flight and Its Potential Impact on the Crypto Market appeared first on COINTURK NEWS.

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