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Profit-taking hits crypto and Chinese stocks after Lunar New Year

After a one-week hiatus during the Lunar New Year, cryptocurrencies and Chinese stocks saw a dip in their bull market performance, leading to profit-taking speculation. The CSI 300 index, which tracks China’s largest listed stocks on mainland exchanges, rose initially but failed to maintain its momentum, ending the day just half a percent higher. Source: …

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Bitcoin Hits Rock Bottom Because ‘Everyone Who Could Go Bankrupt Did’

Arthur Hayes, former CEO of crypto derivatives platform BitMEX, believes the worst may be over for Bitcoin (BTC) in this cycle as the “biggest and most irresponsible entities” run out of BTC to sell. “Looking forward, almost everyone who could have gone bankrupt has gone bankrupt,” he said in a Dec. 11 interview with crypto …

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