Similar Stories to Bitcoin Flies Over $64,000 Amid Ruined Chinese Stimulus Hopes on Bing News

WBitcoin (BTC) flew above $64,000 on Monday amid disappointment in Asian markets. Bitcoin is trading at over $64,750 at time of writing after returning hopes for a stimulus program in China, which has led to a lack of optimism in Asian markets. Bitcoin’s price increased by over 3% over the last 24 hours with a 24-hour trading volume of nearly $28 billion. Bitcoin liquidation data by CoinGlass shows that over the last 24 hours over $118 million worth of short positions have been liquidated.

BING NEWS:
  • Bitcoin Prices Show Positive 30-Day Correlation With China's Central Bank Balance Sheet
    Bitcoin's price has been positively correlated with the size of the People's Bank of China's (PBOC) balance sheet over the past eight years. The PBOC is considering a massive stimulus of up to 1 ...
    09/27/2024 - 5:26 am | View Link
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