đ„Bitcoin heading to $70,000? China and the Fed could boost the price đ
#Bitcoin! may benefit from macroeconomic liquidity driven mainly by the United States and China, according to the perception of some #traders .
On September 24, the People's Bank of China (PBOC) announced that it would inject $140 billion of liquidity into the financial system, through the reduction of the mandatory reserve ratio by 50 basis points. This is in response to problems in the real estate #mercado and the #economia in general of the country.
The economic policies in the Asian country follow the decision to reduce interest rates by the Federal Reserve (#FED ) of the United States and the European Central Bank. According to QCP Capital, this global economic easing could give a strong boost to risk assets (Bitcoin) in the short term.
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