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Johnson
@moonfun
🔸 Why Bitcoin Is Rising? Three Points to Know 🔸 After the U.S. Fed's rate cut and the announcement of Personal Consumption Expenditure (PCE), the overall investment market recovered as inflation concerns eased. Bitcoin continued to strengthen, posting gains of more than 4.5%, while the Nasdaq rose 1%. Notable news this week is (1) easing of health regulations on large banks (Basel III) and (2) the Chinese government is considering injecting 1 trillion yuan worth of capital into state-owned banks. This will likely lead to increased liquidity in the market. Meanwhile, in Japan, Shigeru Ishiba, known as "Van Abe," has risen to the prime minister's post, raising concerns about the possibility of a rate hike. This week
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