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PBOC Signals Support, dYdX Flips Coinbase

Sep 27, 2021 · 3 min read

By Jeremy Ong, and Genevieve Yeoh

Market Update
Macro and regulatory overhangs continue to linger as most of the market has been in the red today. The PBOC signaled support by injecting net 100B Yuan (~$16B) into market operations as Evergrande fears continue. Events like these tend to make markets more confident, however, given the lack of a strong bounce, it seems improving debt liquidity hasn’t had the full desired impact. Crypto markets dipped on Friday following news that China banned crypto…..again, before recovering slightly heading into Monday.

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