๐จ JUST IN: CHINA'S MONEY PRINTER IS BACK ON ๐จ๐ณ๐ด
The Peopleโs Bank of China has injected 161.2B yuan (~$22B) into the financial system via reverse repo operations.
This marks another major liquidity push to boost the economy and stabilize markets.
๐ What this could mean for crypto: ๐น More liquidity = More risk-on appetite
๐น Could support #Bitcoin and altcoin momentum
๐น Traders watching for spillover effects in global markets
๐ฌ Is this bullish for crypto in the short term?
