BTC Price Holds Steady as China Rate Cut Fails to Encourage Risk Taking

  • June 20, 2023

The Australian dollar, which is sensitive to the Chinese economy due to the strength of trade ties between the two countries, fell 0.7% against the U.S. dollar, and China’s benchmark equity index, CSI, traded flat to negative. MSCI’s broadest index of Asia-Pacific shares outside Japan fell more than 0.5% and S&P 500 futures traded 0.3% lower.

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