#NewsTrade PBOC cuts rates, trims mortgage costs.

Trade talks between US and China scheduled.

Markets await FOMC guidance on policy shift.

Bitcoin surged past $97,000 on Wednesday before settling above $96,000, as a confluence of global monetary moves stirred markets ahead of the Federal Reserve’s policy announcement.

The cryptocurrency’s rally came hours after China injected $138 billion into its economy through a broad stimulus package and the US central bank made back-to-back Treasury purchases totalling $34.8 billion.

These developments, combined with renewed China-US trade talks, have raised speculation of a return to quantitative easing, shifting global investor sentiment towards risk-on assets like crypto.