The People's Bank of China has lowered the reserve requirement and interest rates. How much of the one trillion RMB in circulation can flow into the cryptocurrency market? There is an impact, but not much.
Firstly, cryptocurrencies are not legal in China, making large-scale inflows inconvenient.
Secondly, domestic consumption power is too low.
We still have to wait for the Federal Reserve to lower interest rates. Cryptocurrencies are legal in the United States, and American consumption habits lead to high consumer power.