U.S. markets rebounded following the Chinese yuan devaluation shock because cooler heads prevailed, analysts told CNBC on Thursday. (nbr.com)
One development that may have fueled the rising adoption of bitcoin is concerns about yuan devaluation. (coindesk.com)
China's surprise yuan devaluation on Aug. 11 led to a tightening in liquidity as the PBOC subsequently bought its currency to stabilize the exchange rate and curb capital outflows. (bloomberg.com)