News Snapshot:
Bitcoin demand is high in China despite the strong yuan’s record-breaking last quarter Chinese capital moves into the Bitcoin market After the apparent flight of capital from the country, it is coming back The demand for Bitcoin is high despite the Yuan rising. It is surprising that cryptocurrency traders want to hold Bitcoin even now when the yuan is also rising. Weaker yuan is more favorable for cryptocurrency traders and increases their exposure in crypto. The changed traders’ sentiment became obvious in the week behind us. Offshore and onshore yuan is growing The offshore yuan has jumped more than 1%...
