[ Welups view ] #china_coin #trend #CBDC #payment China injec | Welups Official

[ Welups view ] #china_coin #trend #CBDC #payment

China injects money into the economy, does crypto benefit?

- Chinese Coin Stirs Markets With 'Friendly' Crypto Laws in Hong Kong and Prospects of Quantitative Easing from China

- China-related coins remain strong despite BTC being on the decline.

- The crypto community is currently quite FOMO because of the above 2 news.

However, it is not possible to overestimate both of this information at present, because:

1. The scale of the money injection from China is still unclear
2. On June 1, Hong Kong is only open for trading by professional organizations and investors. Not related to retail investors

This may be a short-term trend, but it is not enough to create a push for the whole market, there should be more positive signs.

It is expected that the Bank of China will cut interest rates in the near future to support and promote post-Covid economic recovery. If that's the case, then the market has a reason to rise again

Detail:
https://outsidetheblock.com/trung-quoc-bom-tien-vao-nen-kinh-te-crypto-co-duoc-huong-loi.html
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Read more:
5 reasons why it is difficult for ETH to plummet after the Shanghai upgrade in early April
https://outsidetheblock.com/5-ly-do-eth-kho-giam-manh-sau-nang-cap-shanghai.html

CBDC race of countries around the world
https://outsidetheblock.com/cuoc-dua-cbdc-cua-cac-quoc-gia-tren-the-gioi.html
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