【Crazy Boost】China injects $138 billion, the Federal Reserve launches bond purchases, Bitcoin skyrockets to $97,000!
Global financial markets are in turmoil! China's injection of $138 billion in stimulus funds and the Federal Reserve quietly increasing bond purchases have immediately triggered a market storm, with Bitcoin's price breaking through the $97,000 mark.
China's injection and the Federal Reserve's actions provoke market reactions
China's stimulus boost: The People's Bank of China announced a 0.5 percentage point cut in the reserve requirement ratio, releasing 1 trillion yuan (approximately $138 billion) in liquidity. At the same time, interest rate cuts and relending arrangements have also boosted market sentiment, especially in support of the real estate and consumption sectors.
Federal Reserve actions: The Federal Reserve quietly purchased $34.8 billion in U.S. Treasury bonds, raising market speculation about the possible resumption of quantitative easing policies. Following this move, the market for risk assets, including Bitcoin and gold, responded rapidly.
Bitcoin's performance amid market turbulence
Driven by stimulus and policy news, Bitcoin's price surged to $97,000, then stabilized above $96,000, with a 24-hour increase of about 2.93%. This surge not only indicates investors' optimism towards loose policies but also reflects the interaction of global central bank policies.
The S&P 500 futures also rose, and gold prices broke historical highs, indicating that the market generally expects the impending economic easing to bring more liquidity.
The key to the future: Federal Reserve statement
The market will closely monitor the Federal Reserve's next moves. If the Federal Reserve maintains a dovish stance, Bitcoin is likely to continue rising, forming stronger support. However, if the policy tightens, it could trigger increased volatility. Whether Bitcoin can maintain its upward trend depends on the Federal Reserve's policy signals.
The global market has entered a delicate turning point, with all eyes focused on the upcoming Federal Reserve decision.
