China stimulus
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Bitcoin Set to Break $70K! Stablecoin Surge and Chinese Stimulus Fuel Rally
- September 28, 2024
- Posted by: Gordon
- Category: Crypto Market, ICO Blog, IGH News, Market Insights, Market News
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Bitcoin’s recent price action has created excitement across the crypto market. With the price now aiming for $70,000 after surging past $65,000, factors such as strong stablecoin inflows and China’s stimulus measures are driving this rally. Bitcoin Surges Past $65K In late September, Bitcoin’s price rose above $65,000, breaking a crucial resistance level. Analysts are
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Bitcoin on Fire! China’s Stimulus Fuels $78K Target—Will It Break New Records?
- September 24, 2024
- Posted by: Gordon
- Category: Crypto Market, ICO Blog, IGH News, Market Insights, Market News
Bitcoin is gearing up for a significant breakout, targeting $78,000 in the coming weeks. This bullish sentiment follows recent technical analysis and the People’s Bank of China’s (PBOC) new economic stimulus package. On September 24, the PBOC announced it would inject around $140 billion into the financial system by cutting the reserve requirement ratio (RRR)
