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TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B
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Bitcoin and big tech jump on hopes for China’s economic stimulus

World +5 min read
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Bitcoin and Big Tech stocks rallied sharply on speculation that China may introduce monetary easing to support its slowing economy. Investors are betting on potential Quantitative Easing (QE) measures from the Chinese government, driving a surge in risk assets like cryptocurrencies and tech shares.

Amid concerns over China’s slowing growth and deflation, the market is anticipating that Beijing could step in with liquidity-boosting measures. Bitcoin spiked, reflecting renewed interest in riskier investments, while Big Tech companies also saw gains as traders positioned for a possible increase in global demand.

While cash bond markets were closed, the focus remained on equities and cryptocurrencies, which dominated the trading session. Investors are closely watching for official confirmation of China’s monetary policy moves, expecting a ripple effect across global markets if QE is implemented.Though the rise in Bitcoin and tech stocks reflects positive sentiment, analysts warn that China’s QE remains speculative. For now, markets are poised for any potential shifts, with traders ready to react if China’s stimulus becomes reality.

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