Don't blink or you're liable to miss it. bitcoin surpasses $30K as global bond yields headed lower on Tuesday.
a 12.4% year-over-year decline in imports in July, more than double the drop forecast by economists. Exports fell 14.5%, worse than estimates for a 12.4% drop. Declines at those levels haven't been seen since the COVID-19 lockdowns, and the news suggests Beijing may have to take additional steps to stimulate China's economy.
In other economic news, Philadelphia Federal Reserve President Patrick Harker said in a speech that barring"alarming" new data, he's fine with the central bank not hiking rates any further. He added, though, that the idea of considering rate cuts is a long way off.
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