Chinese Yuan Devaluing Affects Bitcoin
This is a news story, published by CoinGape, that relates primarily to Bitcoin news.
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Business & Economics
Arthur Hayes Bets Big On Chinese Money Coming to Bitcoin

64% Informative
Bitcoin 's price is expected to target the critical $ 85,000 resistance level before deciding on next move.
BitMEX co-founder Arthur Hayes believes that Chinese money could soon be entering Bitcoin .
He argues that yuan devaluation could push capital outflows into Bitcoin as investors seek alternatives.
BTC price has already bounced back from yesterday ’s lows of $ 74,400 , and is currently trading north of $ 80,000 levels.
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