Bitcoin Cautious as China Reduces Benchmark Rate

PBoC	2019-8-20 16:00

Bitcoin gave up its intraday gains as China’s central bank revamped its benchmark lending rate lower to tackle slowing economic growth. The top cryptocurrency dropped by $242, or 2. 21 percent, to $10,705 as of 16:48 Shanghai time.

The move downhill appeared in tandem with the Chinese Yuan, which too fell in the latter half of. . .

The post Bitcoin Cautious as China Reduces Benchmark Rate appeared first on NewsBTC.

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Источник: newsbtc.com

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