CandleFocus Watch Out for Tomorrow in Bitcoin and Altcoins: News from China is Awaited! Will There Be a Rise?
2024-10-11
Author: Content Editor
The rise in Bitcoin and altcoins is expected to be fueled by China's upcoming fiscal stimulus package. Bitfinex analysts believe that the injection of liquidity into the market will have a positive impact on all risk assets, including cryptocurrencies. The full extent of China's stimulus plans is still uncertain, which could lead to increased market volatility. Additionally, ETC Group analysts predict that Bitcoin will continue its upward trend due to historical Bitcoin halving cycles, global economic recovery, and the upcoming US presidential election. They also note that Bitcoin has performed well in past US elections, regardless of the winning party.
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