• 02 November, 2024
Bitcoin

Bitcoin Soars to $64,000 as Chinese Stimulus Fuels Optimism

Bitcoin surged 2.14% to around $64,300, driven by optimism following China's fiscal stimulus announcement, which revitalized Chinese equities. Analysts noted that the cryptocurrency’s upward momentum reflects a broader positive market sentiment. However, upcoming Q3 GDP data and earnings reports from U.S. banks could impact market direction, as geopolitical risks and political uncertainty loom ahead of the November elections.

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