According to The Kobeissi Letter, new home prices in China’s 70 major cities dropped 4.6% year-over-year in April 2025, while existing home prices declined 6.8%, deepening a nearly four-year downtrend. Property investment also declined by 10.3%. This persistent weakness in China’s real estate sector is prompting traders to monitor potential capital outflows and heightened volatility in Asian financial markets, factors that could increase interest in cryptocurrencies as alternative investment vehicles and stores of value. Source: The Kobeissi Letter.