Chinese assets, including the yuan, stocks, and government bonds, continue to decline, sparking concerns about capital flight from the country. This could potentially drive demand for alternative investments such as bitcoin. The People's Bank of China (PBOC) has relied on its daily fix and other liquidity measures to manage the slide in the yuan, rather than outright intervention. However, there is a possibility of intervention in the future involving the sale of dollars, which could boost the dollar index and limit the upside potential for assets like bitcoin. The dollar index has already surged in recent months, which could decrease investor appetite for riskier assets.



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