2026-01-21 01:16:12

The central bank just set the yuan midpoint at 7.0014 against the dollar, up from the previous close of 6.9598/USD. That's a notable shift—the yuan is weakening, which could have ripple effects across markets. When fiat volatility picks up like this, traders often pay closer attention to crypto correlations with traditional assets.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

9 Likes

Reward
9
6
Repost
Share

Comment

0/400

TradingNightmare

· 01-21 06:19

The RMB has depreciated again, and this wave is really quite intense.

View OriginalReply0

BlockchainArchaeologist

· 01-21 01:46

The RMB has depreciated again. This time, the central bank's move was quite direct, breaking through 7... It seems that traditional finance is indeed in turmoil, and we need to keep a close eye on the crypto market's reaction.

View OriginalReply0

ProposalDetective