**Crypto Market Dips Amid China's Stimulus Measures đ**
Bitcoin and Ether saw slight declines after China's central bank announced aggressive stimulus measures. BTC dropped to $62,700, down 2.2% in the past 24 hours, while ETH and other major tokens like BNB, XRP, and SOL also saw losses up to 1.8%. The CoinDesk 20 index fell 1.8%.
- **China's Moves:** The People's Bank of China cut the reserve requirement ratio for banks by 50 basis points and lowered the seven-day reverse repo rate by 20 basis points to 1.5%. Mortgage down payments were also reduced to 15%.
- **Stock Surge:** Local equities soared, with Hong Kong's Hang Seng index up 3.2% and the Shanghai Composite up 2.3%.
- **Celestia's Gain:** Celestia's TIA tokens bucked the trend, rising 17% after a $100 million fundraise.
**Join the Conversation:** What are your thoughts on China's economic measures and their impact on crypto? Share your views in the comments!
