Bitcoin Steady Above $30K as China Factory Deflation Suggests End of Global Tightening Cycle Near

“China is exporting deflation to the Western world,” David Brickell, director of institutional sales at crypto liquidity network Paradigm, told CoinDesk. “We are seeing this reflected in producer price inputs, but not yet fully factored into consumer prices. Ultimately this will bode well for risk as it relates to the end of the global hiking cycle.”