Hong Kong Defends Currency Peg, Bitcoin Pumps Back to $97K, US-China Trade Talks

Tuesday, the Hong Kong Monetary Authority (HKMA) intervened in the foreign exchange market, selling HKD 73.3 billion (approximately $9.4 billion) to defend the Hong Kong dollar’s peg to the U.S. dollar. This move came after sharp volatility in regional markets, triggering reactions across currencies and money markets. Bitcoin surged by 3% as traders responded to […] The post Hong Kong Defends Currency Peg, Bitcoin Pumps Back to $97K, US-China Trade Talks appeared first on Coin Edition.