Bitcoin declined today after China ordered banks to reduce US treasury holdings. This action reflects risk-off sentiment as the Chinese central bank increases gold purchases and reduces exposure to risk assets.
Bitcoin Falters as China Pushes Risk-Off, Orders Banks to Sell US Treasuries
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Chinese authorities ordered banks on Feb. 9, 2026 to reduce holdings of U.S. Treasury securities and cut exposure to risk assets; China's central bank increased official gold purchases on the same day. Bitcoin declined on Feb. 9, 2026.
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