China Factory Deflation Calls Bitcoin Above $30K: End of Global Tightening Cycle Approaches?
Bitcoin held its ground above the $30,000 mark on Monday, benefiting from the latest data on China’s producer price index (PPI), which suggests that the tightening cycle of global liquidity, which began early last year and significantly impacted risk assets such as cryptocurrencies, is drawing to a close. The National Bureau of Statistics (NBS) announced […]