Bitcoin surges past $97,000 amid China’s $138 billion stimulus

Crypto Rally Powered by ¥1 Trillion China Stimulus and Technical Breakouts in BTC

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…

The rebound comes on the eve of the Fed’s rate decision and after officials from China and the US agreed to meet to discuss a trade agreement. Macro events weigh on the market. *** Bitcoin reconquers USD 97k amid macro events. China and US officials agreed to meet to discuss a trade agreement. More tensions in Asia, with India carrying out air strikes in parts of Pakistan. The Fed is expected to meet on Wednesday to discuss US monetary policy. C…

Bitcoin Spurs Above $97K Amid China’s $138B Liquidity Boost

Bitcoin surges past $97,000 amid China’s $138 billion stimulus

Bitcoin climbed above $97,000 on Wednesday before settling back to $96,000, as markets reacted to China’s liquidity injection and speculation over potential U.S. Federal Reserve monetary policy shifts.   The post Bitcoin surges past $97,000 amid China’s $138 billion stimulus  appeared first on Nairametrics.