The digital market is trending in the red today.

Bitcoin (BTC) is at $47,615 and Ethereum (ETH) is at $3,161.

At the beginning of the year, we saw Chinese government officials proclaim that they have no competition in the digital currency race.

The Chinese know for a fact that no other nation comes close to their central bank digital currency (CBDC) advancements.

We've also seen Chinese media declare that America's financial dominance is over, and the East Wind has begun - when Iran dropped the US dollar and made the Chinese yuan their reserve currency.

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