Bitcoin Little Changed as China Announces Stimulus; Traders Say Harris' Win Unlikely to be Bearish
Briefly

"Bitcoin (BTC) started to pare weekly gains early Tuesday to fall to $62,700, following a nearly one-month high of $64,500 at the start of the week... Data shows that BTC fell 2.2% in the past 24 hours, leading to losses among major tokens."
"The People's Bank of China (PBoC) announced Tuesday morning that it was cutting the reserve requirement ratio for mainland banks by 50 basis points while also lowering the seven-day reverse repo rate..."
"While digital assets didn't respond to the rate cuts and stimulus measures, stock indices around the region were deep in the green, suggesting that local traders were more fixated on equities rather than crypto."
"Celestia's TIA tokens were among the few gainers in the market with a 17% bump since Monday, following the announcement of a fresh $100 million fundraise..."
Read at Coindesk
[
|
]