Reported about 15 hours ago
Recent trends indicate that Chinese investors are increasingly shifting their focus from cryptocurrencies back to local stocks as China’s easing economic measures boost stock prices. This shift may signal panic buying among traders exchanging cryptocurrency for fiat currency, with Tether’s USDT trading at a discount. The activity is influenced by restrictions on crypto trading in China, leading to increased demand for Chinese stocks and unprecedented inflows into the crypto market through over-the-counter brokers.
Source: YAHOO