本文作者:maria.ka

Chinas $174 Billion Liquidity Injection Sees the Crypto Market Enter New Month Soaring

maria.ka 5个月前 ( 02-07 ) 113
Chinas $174 Billion Liquidity Injection Sees the Crypto Market Enter New Month Soaring摘要: ...

Chinas $174 Billion Liquidity Injection Sees the Crypto Market Enter New Month Soaring

13 hours ago via Coingape

  • Bitcoin
  • China

Chinas $174 Billion Liquidity Injection Sees the Crypto Market Enter New Month Soaringadvertisement

The market is all green at the start of a new week and a new month. Nearly all top coins are enjoying gains of more than 2% and as high as 15%. The recent pump comes in light of the Chinese markets reopening today. And the government injecting 1.2 trillion yuan ($174 billion) worth of liquidity into the markets. The highest injection in the history of the country. This has triggered the crypto market to soar and extend gains to the second month of the year.

Time To Print $174B

Just like in the U.S a few months ago, China will inject $174 billion via reverse repo operations. During the announcement, the Peoples Bank of China added that this would see the total liquidity in the banking system reach 900 billion yuan higher than in the same period last year. The Peoples Bank has on its part promised to use various monetary tools to ensure market stability.

We believe that the successive introduction and implementation of policy measures will play a better role in improving market expectations and preventing irrational behavior,

The Chinese market was closed on Jan 23 with the escalation of the Coronavirus epidemic. Authorities believed that panic would see the market crash. In the U.S stock, this was evident as the market reached an all-time low since October in January. As the markets re-open today, investors are bracing for the worst volatility.

The Coronavirus opinion has however not been a popular one. Crypto analyst Josh Rager does not buy into the January rally being triggered by the epidemic.

The coronavirus is almost becoming click-bait for crypto content creators

The short answer- $BTC has made no abnormal price changes during the recent panic waves though stocks in China have taken a significant hit

BTC is still ranging between $8k to $9200

Investors have been running to the crypto market. Bitcoin is the most popular coin and investors will protect their investment by seeking safe haven in it. Bitcoin is not shaken by world economic trends, in fact, it is driven by this. The crypto community is keen and closely following with optimism on where the crypto market will head next.

Global debt $252.6 trillion

#China to inject $174 billion liquidity

Oil value decreases due to fears from coronavirus outbreak.

12.6 million #BTC hasn't move in a year

There's only an upside with Bitcoin

— cryptoph3r (@cryptoph3r) February 2, 2020

Altcoins have also been pumped and the crypto market as a whole is no ...

Read full story on Coingape


Tags: United States dollar, Darknet market, People's Republic of China, Market liquidity, Economy of China, Bitcoin, injection, injection, People’s Bank of China, People's Bank
阅读
分享