China Prints Entire Bitcoin Market Cap in Single Day to Calm Coronavirus Fears

The People’s Bank of China has injected some 1.2 trillion yuan ($173.8 billion) to calm markets as coronavirus fears worsen. That’s more than the entire market capitalization of Bitcoin (BTC). If you need further evidence for how small Bitcoin still is relative to global markets, look no further than China’s most-recent cash injection. Its central […]

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