Bitcoin (BTC) Prices More Impacted by ETF, GBTC Outflow, Rather Than China Stimulus Plan: Analysts

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“The rebound of the Chinese economy will have profound implications for the global economy, and any stimulus or accommodative policy will be an encouraging sign to investors. The crypto market will also perceive such policies as risk-on and, therefore, be more willing to innovate and active in market expansion,” said Greta Yuan, Head of Research at VDX, a regulated exchange in Hong Kong, in a note.

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