“According to market data, investors have registered $1 billion roughly Rs. 8,308 crore in losses in crypto liquidations in the last 24 hours. There has been a potential devaluation of the Chinese Yuan, which is trading at the weakest level since 2007. Historically, when China devalued the Yuan last time in August 2015, BTC prices witnessed a plunge,” Parth Chaturvedi, Investments Lead at CoinSwitch Ventures, told Gadgets 360. The bankruptcy of Chinese property giant Evergrande has also impacte
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