China Orders Banks to Cut U.S. Treasury Holdings: Is This Bullish for Bitcoin and Crypto?
The post China Orders Banks to Cut U.S. Treasury Holdings: Is This Bullish for Bitcoin and Crypto? appeared first on Coinpedia Fintech News
China has ordered major banks to reduce their U.S. Treasury holdings, signaling a major shift in global finance. The move reflects rising concerns over U.S. debt risks and market volatility
Experts believe that this decision could create new opportunities for Bitcoin and the overall crypto market.
China Orders Banks to Reduce U.S. Bond ExposureReports suggest that Chinese regulators have warned banks about “concentration risks” and rising volatility in U.S. Treasuries. Financial institutions have been advised to reduce oversized positions and limit further purchases.
China’s holdings of U.S. Treasuries have already been falling for years. Official data shows that the country now holds around $682.6 billion in Treasuries, the lowest level in 17 years and far below its peak of $1.3 trillion a decade ago.
BREAKING: 