Bitcoin Steady Above $30K as China Factory Deflation Suggests End of Global Tightening Cycle Is Near

“China is exporting disinflation across the western world,” David Brickell, director of institutional sales at crypto liquidity network Paradigm, told CoinDesk. “We’re seeing it reflected in producer price inputs, but not yet fully feeding into consumer prices. Ultimately this will be good for risk as it relates to the end of the global hiking cycle.”

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• Source: https://www.coindesk.com/markets/2023/07/10/bitcoin-steady-above-30k-as-china-factory-deflation-suggests-end-of-global-tightening-cycle-is-near/?utm_medium=referral&utm_source=rss&utm_campaign=headlines