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Capital Flight Triggered by China's Economic Stimulus: Will Bitcoin Be Abandoned?
Capital Flight Triggered by China's Economic Stimulus: Will Bitcoin Be Abandoned?China's recent economic stimulus package, designed to revitalize its sluggish economy, has unexpectedly triggered a capital shift from the cryptocurrency market, particularly Bitcoin, to the Chinese stock market. The Shanghai Composite Index and the Hang Seng China Enterprises Index have surged on the back of the stimulus, while Bitcoin prices have seen a notable decline
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China's Central Bank Stimulus Plan Boosts Financial Markets, Bitcoin Breaks $64,000, Poised for Strongest September on Record
China's Central Bank Stimulus Plan Boosts Financial Markets, Bitcoin Breaks $64,000, Poised for Strongest September on RecordFinancial markets have regained optimism following the release of China's comprehensive stimulus plan. Data from Bitpush shows Bitcoin fluctuating near $63,200, subsequently breaking through the $64,000 resistance level
