[Presto Research: China's central bank's reserve requirement ratio and interest rate cuts caused almost no reaction in the cryptocurrency market] On September 24, Rick Maeda, a research analyst at Presto Research in Singapore, pointed out that today's China's central bank's reserve requirement ratio and interest rate cuts caused almost no reaction in the cryptocurrency market, but triggered a rise in Asian stock markets, with Hong Kong's Hang Seng Index up 3.2% and the Shanghai Composite Index up 2.3%. Bitcoin also lacked a response to the news, which seems to indicate that Bitcoin's trend may be more closely linked to the Fed's policies and the US market, as evidenced by the high correlation between Bitcoin and the US stock market in the past two years, especially after last week's FOMC meeting. (CoinDesk)