Bitcoin Prices Show Positive 30-Day Correlation With China’s Central Bank Balance Sheet
“The new inflow of cash could indirectly push up the price of bitcoin, particularly in the long term perspective,” one analyst said.
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“The new inflow of cash could indirectly push up the price of bitcoin, particularly in the long term perspective,” one analyst said.
Bitcoin rose by 3%, trading above $65K with U.S. spot bitcoin ETFs seeing one of their largest inflow days at $365 million,
Bitcoin is back to levels not seen in nearly two months as it pushed past the $65,000 mark during U.S. late morning hours on Thursday.
The Bitcoin (BTC) mining race intensified between China and the United States, recently dominated by the former in a shift. … Continue reading
The post Chinese Bitcoin company mines one-third of all blocks in a day, dethrones US appeared first on Finbold.
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Traders also are skeptical about China ‘unbanning’ bitcoin
China’s back-to-back interest-rate cuts signal urgency to shore up growth after the recent Communist party plenum offered little support to the nation’s flagging economy.
Cryptocurrency exchange BitForex said it will open for withdrawals following a five-month outage spurred by an investigation by the Jiangsu Province police in China.