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Attention Bitcoin Bulls, China Stimulus May Have Lost Its Mojo

Attention Bitcoin Bulls, China Stimulus May Have Lost Its Mojo
© Copyright Image: CurrencyCrypt

The credit impulse peaked at 15.5 trillion yuan during the last major bullish easing cycle dated 2015, equating to 15% of the GDP. Back then, the Chinese stocks, represented by the CSI 300, more than doubled in six months and BTC found a bottom near $100, turning higher for a two-year bull run that peaked near $20,000 in December 2017.

The post Attention Bitcoin Bulls, China Stimulus May Have Lost Its Mojo first appeared on CurrencyCrypt.

Read more: https://currencycrypt.net/attention-bitcoin-bulls-china-stimulus-may-have-lost-its-mojo/

Text source: CurrencyCrypt

Disclaimer: Financial information and news are not financial advice, read the disclaimer.
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