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Bitcoin Rises as Traders Weigh China Fiscal Stimulus, Trump Odds
Bitcoin climbed to the highest level in two weeks as a mixed reaction to China’s latest stimulus efforts emboldened wagers that speculators will chase after cryptocurrencies rather than the nation’s stocks. The largest digital asset rose as much as 3.5% on Monday before paring some of the increase to change hands at $64,900 as of 7:19 a.m. in New York. Smaller tokens including second-ranked Ether and top-10 coin Solana advanced too. China is striving to revive its economy but a highly anticipated weekend policy briefing failed to specify exactly how much fiscal stimulus the government plans to inject. Economists ... (full story)
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- Posted: Oct 14, 2024 11:54am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 129
