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Bitcoin Falters as China Pushes Risk-Off, Orders Banks to Sell US Treasuries

Bitcoin declined today after China ordered banks to reduce US treasury holdings. This action reflects risk-off sentiment as the Chinese central bank increases gold purchases and reduces exposure to risk assets. China Orders Banks to Limit and Trim US Treasuries China has directed banks to sell and limit purchases of US treasuries, Bloomberg reported on

The post Bitcoin Falters as China Pushes Risk-Off, Orders Banks to Sell US Treasuries appeared first on CoinGape.

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