United

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Bitcoin

<ul class="news-points"> 
 <li><strong>China’s financial indices plunged, with 30% of stocks reportedly suspended.</strong></li> 
 <li><strong>The severity of the situation triggers speculation about its impact on crypto markets.</strong></li> 
 <li><strong>Adam Cochran attributes China’s woes to its longstanding strategy of constructing empty urban facades.</strong></li> 
</ul> 
<p>News of China’s economic turmoil has sparked speculation about its potential impact on the cryptocurrency markets. <a href="https://coinedition.com/critic-adam-cochran-issues-final-warning-on-binance-risky-business/">Adam Cochran, a renowned crypto commentator</a>, took to X to underscore the severity of the situation. He noted that the significant downturn in Chinese markets comes despite stimulus efforts and anticipated rate cuts in the United States.</p> 
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   <p lang="en" dir="ltr">Chinese market keeps getting hammered despite stimulus, and despite US markets expecting rate cuts.<br><br>There decades long approach of being a paper tiger, and building vacant facade cities, is really catching up with the Chinese economy. <a href="https://t.co/8GNzjReQBP" target="_blank" rel="nofollow">https://t.co/8GNzjReQBP</a></p>— Adam Cochran (adamscochran.eth) (@adamscochran) <a href="https://twitter.com/adamscochran/status/1754336754193039660?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">February 5, 2024</a>
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<p>Cochran’s tweet follows troubling reports revealing the sharp decline in China’s financial indices. Specifically, the Shenzhen Stock Exchange Composite Index (SZCOMP) plunged by 5.5%. On the other hand, the CSI 1000 Index Enh…</p>
<p>The post <a href="https://coinedition.com/can-bitcoin-weather-the-storm-chinas-economic-woes-put-crypto-to-test/">Can Bitcoin Weather the Storm? China’s Economic Woes Put Crypto to Test</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Can Bitcoin Weather the Storm? China’s Economic Woes Put Crypto to Test

Coin Edition

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