$BTC

**Bitcoin** has surged this year, reaching around $62,000, with potential to hit new highs.

**China** might increase its special sovereign bonds by $420 billion to stimulate its economy, which could positively impact the crypto market.

**Federal Reserve** is expected to lower interest rates soon, which could further boost crypto prices.

-**Market Trends**: Bitcoin has been trading sideways recently, building strong support around $60,000-$70,000. A breakout above $62,000 could signal a stronger upward trend.

The upcoming **U.S. presidential election** might also act as a catalyst for a Bitcoin price boom.

In summary, crypto prices, particularly Bitcoin, are currently strong and may see further increases due to economic policies from China and the U.S.

https://www.forbes.com/sites/digital-assets/2024/08/23/forget-the-fed-china-could-be-about-to-drop-a-420-billion-bitcoin-and-crypto-price-bombshell/