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Bitcoin Set for a Rally as China’s Central Bank Unleashes $140B Stimulus

  • Bitcoin is set for a rally as China's central bank announces a $140 billion stimulus package.
  • The stimulus includes injecting liquidity into the financial system, which could lead to a recovery this year.
  • This measure is seen as a catalyst for the crypto market, with excess capital potentially flowing from yuan to Bitcoin as a hedge against inflation.
  • Institutional interest in Bitcoin is also rising, with net positions in CME Bitcoin futures declining and interest in spot Bitcoin ETFs growing.

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