Bitcoin (BTC) briefly experienced a rise to over 97,000 USD but adjusted to around 96,000 USD later. This occurred following the announcement of China’s stimulus measures and the Fed’s bond purchases which have heightened interest in the crypto market.
China’s release of approximately 138 billion USD in liquidity is improving market sentiment, leading to gains in futures markets. However, investor sentiment remains cautious with the upcoming FOMC meeting as they await further clarification from the Fed.
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