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Powell
@fomc
Polymarket data shows a 26% chance of an emergency rate cut, with odds rising sharply. 🔜Reflects growing market speculation on Fed action. 🔜Traders closely watching economic signals.China has often responded to tariffs by devaluing their currency (RMB/CNY) to offset the tariffs. This creates an interesting side effect - historically, whenever the RMB drops in value, we've seen significant Chinese capital flow into Bitcoin. This pattern has played out multiple times before - in 2013, 2015, and could very well happen again in 2025. While everyone's focused on the Fed's moves, we might be overlooking the People's Bank of China and its influence on crypto markets. If you're only watching Jerome Powell and ignoring what's happening with China's currency policies, you might miss a major catalyst for Bitcoin. The connection between Chinese capital flight and Bitcoin price movements has been remarkably consistent over the years. China definitely deserves more attention.
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