🔥🇨🇳 Analysts predict BTC to surge to $78,000 in the coming weeks amid the announcement of a "stimulus package for China's economy."
The People's Bank of China (PBOC) is set to inject $140 billion of liquidity into the financial system by lowering the reserve requirement ratio (RRR*) by 50 basis points.
Additionally, China has eased property purchase regulations and will recapitalize its largest banks for the first time in over a decade.
*RRR – Reserve Requirement Ratio for banks.
Crypto Market Analysis
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8September 24, 2024 17.1K 2
