BTC and ETH Remain Stable Amid China's PBOC Stimulus Announcement
Tuesday, 24 September 2024, 04:38
Market Impact of PBOC's Decision
The People's Bank of China (PBOC) has announced a reduction in the reserve requirement ratio (RRR), positioning it at the lowest level since 2020. This decision aims to inject liquidity into the economy, which can impact cryptocurrencies like BTC and ETH.
Traders' Reactions
- Traders are closely monitoring the implications of this stimulus on BTC and ETH prices.
- The move could lead to increased trading volume in the crypto markets.
- Analysts suggest that the outcome of Harris' electoral bid is unlikely to have a bearish effect on cryptocurrencies.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.