Yuan Soars, Bitcoin Stalls: Why the Dollar Dip Isn’t Lifting Crypto

China’s currency hits a 2.5-year high as the dollar weakens — a classic bullish setup for Bitcoin that isn’t working. China’s onshore yuan closed at its strongest level since May 2023 on Thursday, trading at 7.0066 per dollar and nearly breaching the psychologically key 7-per-dollar mark. The move caps a 5% appreciation against the greenback
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