{"id":17738,"date":"2024-10-14T11:06:19","date_gmt":"2024-10-14T08:06:19","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-tests-66000-amid-anticipation-of-chinese-stimulus\/"},"modified":"2024-10-14T11:06:19","modified_gmt":"2024-10-14T08:06:19","slug":"bitcoin-tests-66000-amid-anticipation-of-chinese-stimulus","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-tests-66000-amid-anticipation-of-chinese-stimulus\/","title":{"rendered":"Bitcoin Tests $66,000 Amid Anticipation of Chinese Stimulus"},"content":{"rendered":"

On the morning of October 14, the price of the leading cryptocurrency surpassed $64,000. This was prompted by positive trends in Asian stock markets, driven by expectations of expanded stimulus measures from Chinese authorities.<\/p>\n

\"1-1253\"
15-minute BTC\/USDT chart on Binance. Data: TradingView<\/a>.<\/figcaption><\/figure>\n

At the time of writing, Bitcoin is trading at $64,100, having gained 2.1% over the past 24 hours. Ethereum’s daily growth rate ($2520) stands at 2.6%.<\/p>\n

Among the top 10 cryptocurrencies by market capitalization, TRON was the only one to decline (-0.9%). Other assets rose between 0.2% (XRP) and 3.9% (Solana), according to CoinGecko<\/a>.<\/p>\n

\"2-912\"
Data: CoinGecko.<\/figcaption><\/figure>\n
\"1-1256\"
15-minute BTC\/USDT chart on Binance. Data: TradingView<\/a>.<\/figcaption><\/figure>\n<\/div>\n
\"BTCUSDT_2024-10-14_17-55-13\"
5-minute BTC\/USDT chart on Binance. Data: TradingView<\/a>.\u00a0<\/figcaption><\/figure>\n<\/div>\n

During a weekend briefing, China’s Finance Minister Lan Fo’an promised<\/a> new steps to support the real estate sector and hinted at increased government borrowing. The official did not provide specific figures regarding fiscal support.<\/p>\n

\n

\u201cChinese stocks rebounded after weekend disappointments, so risk sentiment is likely to remain in ‘buy everything’ mode until further notice,\u201d<\/em> commented SOFA.org’s Head of Analytics, Augustin Fan.<\/p><\/blockquote>\n

The expert noted a reassessment of US inflation data. In his view, the initial negative reaction has shifted to a renewed confidence in the downward trend of the indicator.<\/p>\n

Min Zhu from Presto Research highlighted risks to the positive trend, including the situation in the Middle East and the progress of the US presidential race.<\/p>\n

CryptoQuant has estimated that whales have accumulated 1.5 million BTC over the past six months.<\/p>\n

Previously, QCP Capital suggested that rising geopolitical tensions in the Middle East could push the price down to $55,000.<\/p>\n

CEO of Lekker Capital, Quinn Thompson, urged investors to seize the opportunity to buy digital gold during dips.<\/p>\n","protected":false},"excerpt":{"rendered":"

On the morning of October 14, the price of the leading cryptocurrency surpassed $64,000. This was prompted by positive trends in Asian stock markets, driven by expectations of expanded stimulus measures from Chinese authorities. 15-minute BTC\/USDT chart on Binance. Data: TradingView. At the time of writing, Bitcoin is trading at $64,100, having gained 2.1% over […]<\/p>\n","protected":false},"author":1,"featured_media":17737,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1224,1145],"class_list":["post-17738","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-macroeconomics","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"6","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17738","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=17738"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17738\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/17737"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=17738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=17738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=17738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}