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Bitcoin Analysts Optimistic as China Surprisingly Fixes Yuan Beyond 7.2 Level

Analysts suggest the yuan's depreciation may lead to capital flight into bitcoin.

PBOC hints openness to weaker yuan in a supposedly bullish sign for BTC. (SW1994/Pixabay)
PBOC hints openness to weaker yuan in a supposedly bullish sign for BTC. (SW1994/Pixabay)