$MASKS

China ALMOST revived Bitcoin?

The other day, China's ruling party decided to launch a stimulus package to revive the economy and markets.

And CoinTelegraph believes that against the backdrop of this news, $BTC could go to $78k in the coming weeks.

🟣And what did China do?
The People's Bank of China announced an injection of ~$140 billion in liquidity into the financial system, due to a 50-point reduction in the reserve requirement rate.

A similar event already happened in October 2023. Then the rate was also lowered by 50 points, and BTC grew by >100%.

🟣At the same time, Jamie Coutts, chief analyst at Real Vision, claims that the connection between BTC and the Chinese economy is not obvious, due to the ban on crypto mining there.

However, Bitcoin still depends on global liquidity conditions, and China's measures could attract people to crypto.

What do you think? Will we see BTC growth soon? 👇