Crypto Rally Builds on China Stimulus and BTC Breakouts
The post Crypto Rally Builds on China Stimulus and BTC Breakouts appeared on BitcoinEthereumNews.com. Crypto rally gains momentum as China injects ¥1T into markets and eases key interest rates by 0.1% Bitcoin reclaims key Fibonacci levels as technical indicators show strength near $98K resistance zone Traders eye U.S.–China trade talks in Switzerland as macro tailwinds boost global risk appetite Bitcoin trades near the $97,000 mark, up almost 3% in the past 24 hours and bouncing strongly from March lows around $74,000. This price surge comes as significant global economic developments unfold, mainly China’s aggressive move to ease its monetary policy and rising hopes for a thaw in US-China trade tensions. China Injects 1 Trillion Yuan, Boosting Bitcoin’s Appeal At a high-profile press conference on May 7, People’s Bank of China (PBOC) Governor Pan Gongsheng announced a 0.5% cut in the reserve requirement ratio (RRR) and a 0.1% reduction in policy interest rates. About 1 trillion yuan (roughly $138 billion USD) into the market will be released. Such a large liquidity injection is generally seen as bullish for Bitcoin for two main reasons. First, lower rates and easier monetary policy often weaken fiat currencies, prompting investors to seek alternative stores of value like BTC. Second, with Chinese equities and bonds underperforming in recent months, crypto may attract speculative flows from domestic and international investors seeking better yields and hedge assets. Hopes Rise for US-China Trade De-escalation This Week Adding to the macro narrative is the upcoming high-stakes trade meeting between US Treasury Secretary Scott Bessent and China’s Vice Premier He Lifeng, set to take place in Switzerland later this week. With existing US tariffs as high as 145% on some Chinese goods and retaliatory Chinese tariffs up to 125%, the economic implications are immense. Recent rhetoric from both sides has focused on de-escalation and “equal consultation,” suggesting a mutual desire to prevent further economic strain.…
The post Crypto Rally Builds on China Stimulus and BTC Breakouts appeared on BitcoinEthereumNews.com.
Crypto rally gains momentum as China injects ¥1T into markets and eases key interest rates by 0.1% Bitcoin reclaims key Fibonacci levels as technical indicators show strength near $98K resistance zone Traders eye U.S.–China trade talks in Switzerland as macro tailwinds boost global risk appetite Bitcoin trades near the $97,000 mark, up almost 3% in the past 24 hours and bouncing strongly from March lows around $74,000. This price surge comes as significant global economic developments unfold, mainly China’s aggressive move to ease its monetary policy and rising hopes for a thaw in US-China trade tensions. China Injects 1 Trillion Yuan, Boosting Bitcoin’s Appeal At a high-profile press conference on May 7, People’s Bank of China (PBOC) Governor Pan Gongsheng announced a 0.5% cut in the reserve requirement ratio (RRR) and a 0.1% reduction in policy interest rates. About 1 trillion yuan (roughly $138 billion USD) into the market will be released. Such a large liquidity injection is generally seen as bullish for Bitcoin for two main reasons. First, lower rates and easier monetary policy often weaken fiat currencies, prompting investors to seek alternative stores of value like BTC. Second, with Chinese equities and bonds underperforming in recent months, crypto may attract speculative flows from domestic and international investors seeking better yields and hedge assets. Hopes Rise for US-China Trade De-escalation This Week Adding to the macro narrative is the upcoming high-stakes trade meeting between US Treasury Secretary Scott Bessent and China’s Vice Premier He Lifeng, set to take place in Switzerland later this week. With existing US tariffs as high as 145% on some Chinese goods and retaliatory Chinese tariffs up to 125%, the economic implications are immense. Recent rhetoric from both sides has focused on de-escalation and “equal consultation,” suggesting a mutual desire to prevent further economic strain.…
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