Bitcoin moved to near $65,000 after Chinese stocks shrugged off mixed reactions to stimulus plans to finish the day higher. BTC traded at nearly $64,900 during the late European morning, over 3.4% higher in the last 24 hours. The broader digital asset market, as measured by the CoinDesk 20 Index, has risen about 2.9%. Latest announcements from the Chinese government regarding stimulus plans fell short of expectations, but the Shanghai Composite Index still closed the day over 2% higher. “Chinese equities rebounded off the weekend disappointments, so risk sentiment will likely remain in ‘buy everything’ mode until further notice,” Augustine Fan, head of insights at SOFA, told CoinDesk in a Telegram message.
Similar Posts
Kamala Harris Pulls Well Ahead of Trump on Polymarket
“Yes” shares for Harris were trading at 52 cents on…
Ethereum’s MAKE or BREAK Moment is Here
🚨 MEMBERSHIP SALE: https://www.learningcrypto.com/early-access-saver👕 SHOP: https://shop.learningcrypto.com🕊️ COMMUNITY: https://discord.gg/Hseq2nkeHr 🚀 GRAB…
Chiliz token pops as fan tokens jump ahead of Pepper airdrop
𝗣𝗘𝗣𝗣𝗘𝗥 𝗔𝗜𝗥𝗗𝗥𝗢𝗣 🪂🎁 The airdrop comes at a time when…
RAKBANK, Bitpanda Partner For Crypto Management Platform For UAE Users
The National Bank of Ras Al Khaimah (RAKBANK), a government-owned…
Ethereum Beacon Chain ‘far from perfect’ but brings massive opportunity
As Ethereum’s Beacon Chain reached its fourth anniversary, researcher Justin…
XRP hits 7-year peak amid bullish sentiment, FTX plans payouts: Finance Redefined
Cryptocurrency investor optimism is palpable ahead of US President-elect Donald…