CandleFocus Bitcoin Little Changed as China Announces Stimulus; Traders Say Harris’ Win Unlikely to be Bearish
2024-09-24
Author: Content Editor
Bitcoin and ether are slightly down after the People's Bank of China announced stimulus measures to revive the country's slowing economy. Bitcoin fell to $62,700 from a recent high of $64,500, while ether and other major tokens also experienced losses. However, stock indices in the region saw gains, suggesting that local traders were more focused on equities than on crypto. Meanwhile, in the US, traders believe that a potential win by Democrat Kamala Harris may not be as bearish for the market as initially thought, as she has expressed support for the growth of the crypto sector.
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