The central bank just set the yuan midpoint at 7.0014 against the dollar, up from the previous close of 6.9598/USD. That's a notable shift—the yuan is weakening, which could have ripple effects across markets. When fiat volatility picks up like this, traders often pay closer attention to crypto correlations with traditional assets.
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TradingNightmare
· 4h ago
The RMB has depreciated again, and this wave is really quite intense.
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BlockchainArchaeologist
· 9h ago
The RMB has depreciated again. This time, the central bank's move was quite direct, breaking through 7... It seems that traditional finance is indeed in turmoil, and we need to keep a close eye on the crypto market's reaction.
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ProposalDetective
· 9h ago
Once again, it's devalued. The central bank's move is quite aggressive.
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LightningLady
· 9h ago
The RMB has depreciated again, and now the crypto world can't stay calm.
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LiquidityWitch
· 9h ago
The RMB has depreciated again. Should I buy the dip in crypto now?
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LuckyBearDrawer
· 9h ago
The RMB has broken 7 again. Is it time to start buying the altcoins at the bottom?
The central bank just set the yuan midpoint at 7.0014 against the dollar, up from the previous close of 6.9598/USD. That's a notable shift—the yuan is weakening, which could have ripple effects across markets. When fiat volatility picks up like this, traders often pay closer attention to crypto correlations with traditional assets.