
Tags: China
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BTC is actually down by over a grand in the past few hours.
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Bitcoin prices have returned to resistance levels as reports emerge of trade talks between China and the United States.
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Gold continues to chart new all-time highs.
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Institutional crypto investment firm VanEck has stated that China and Russia are reportedly settling some energy transactions in Bitcoin.
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As yuan weakens past 7.20 per dollar, Hayes points to historical patterns showing Chinese capital flight often fuels crypto bull runs.
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BTC shot up above $81,000 but retraced almost immediately.
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