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China Stimulus, US Jobs Data Push Bitcoin Past $65,000

  • Bitcoin surged past $65K, driven by positive US jobs data and China's economic stimulus measures.
  • China is implementing liquidity measures, including interest rate cuts and increased bank liquidity, to stimulate its economy.
  • Bitcoin's strong long-term correlation with global liquidity suggests that it tends to rise when liquidity expands.
  • Market observers believe that China's liquidity measures and positive US economic and labor data could lead to a sustained Bitcoin rally.

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