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PBOC Mirrors Fed Rate Cuts - Can Chinese Liquidity Fuel Bull Run Past Lingering Economic Concerns?

Author

Austin Hodge
September 26, 2024 • Read Time: 12 minutes

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In a sweeping move that has financial analysts buzzing, the People’s Bank of China has slashed its reserve requirement ratio by 50 basis points, adding a hefty $113 billion of liquidity to the Chinese equity market. Cryptocurrency analysts suggest this could be a bullish development for Bitcoin, drawing parallels to the digital asset's historical surges following similar stimulus efforts. With global central banks seemingly poised to follow China and the U.S. in a synchronized dance of rate cuts, could we be on the brink of another Bitcoin boom?

Let's dive in!

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  • SWIAT and Olea join forces to enhance trade finance with blockchain technology, reducing costs and improving transparency. — Read More

  • Japan's SBI Digital Markets is partnering with 21X to list tokenized securities on a DLT-based platform. — Read More

  • Lightning Wallet Osmo launches financial services in Puerto Rico, expanding access to crypto payments. — Read More

  • Stand With Crypto reverts Kamala Harris' crypto rating to N/A amid controversy, reflecting a need for policy clarity. — Read More

  • Truflation's decentralized data tools are transforming inflation risk management for DeFi developers. — Read More

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