KuCoin is a trusted crypto exchange to buy, sell, and trade Bitcoin, Ethereum, and 1000+ altcoins—powering secure access to the Web3 economy.

Crypto Exchange | Bitcoin Exchange | Bitcoin Trading | KuCoin

<p>Chinese stocks have lost ~$2.4 trillion in just 10 weeks.  

So, how is Bitcoin UP +40% over the same period? 

 What if we told you that Bitcoin is no longer trading like a China risk asset?

The CSI 300 is now down -20% from its June 22 high, officially entering a bear market after 10 straight weekly losses. 

China's tech-heavy STAR 50 index is down nearly -40% from its July peak.

Bitcoin has rallied from its ~$58,000 low in late June to ~$81,000 today.

So, what is happening?  

China's sell-off is being driven by a global AI sell-off, weak earnings, fading stimulus hopes and a tax deadline that forced wealthy investors to sell shares.</p>

Chinese stocks have lost ~$2.4 trillion in just 10 weeks.  
So, how is Bitcoin UP +40% over the same period? 
 What if we told you that Bitcoin is no longer trading like a China risk asset?
The CSI 300 is now down -20% from its June 22 high, officially entering a bear market after 10 straight weekly losses. 
China's tech-heavy STAR 50 index is down nearly -40% from its July peak.
Bitcoin has rallied from its ~$58,000 low in late June to ~$81,000 today.
So, what is happening?  
China's sell-off i

Chinese stocks have lost ~$2.4 trillion in just 10 weeks. So, how is Bitcoin UP +40% over the same period? What if we told you that Bitcoin is no longer trading like a China risk asset? The CSI 300 is now down -20% from its June 22 high, officially entering a bear market after 10 straight weekly losses. China's tech-heavy STAR 50 index is down nearly -40% from its July peak. Bitcoin has rallied from its ~$58,000 low in late June to ~$81,000 today. So, what is happening? China's sell-off is being driven by a global AI sell-off, weak earnings, fading stimulus hopes and a tax deadline that forced wealthy investors to sell shares.

Comment