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China's Economic Woes Could Spark Crypto Market Shift

source-logo  coingape.com 05 February 2024 22:27, UTC

One of the most looked upon economies in the world, China is currently facing uncertainties regarding its financial prospects. China’s CSI 1000 index dropped more than 8% on Monday making it hit lowest in years. The country also just saw the liquidation order of its biggest real estate developer China Evergrande. With looming uncertainties in government-backed assets and regulated markets, China is likely to see a shift in its crypto domains.

coingape.com