Bitcoin moved to near $65,000 after Chinese stocks shrugged off mixed reactions to stimulus plans to finish the day higher. BTC traded at nearly $64,900 during the late European morning, over 3.4% higher in the last 24 hours. The broader digital asset market, as measured by the CoinDesk 20 Index, has risen about 2.9%. Latest announcements from the Chinese government regarding stimulus plans fell short of expectations, but the Shanghai Composite Index still closed the day over 2% higher. “Chinese equities rebounded off the weekend disappointments, so risk sentiment will likely remain in ‘buy everything’ mode until further notice,” Augustine Fan, head of insights at SOFA, told CoinDesk in a Telegram message.
Source: https://www.coindesk.com/markets/2024/10/14/first-mover-americas-bitcoin-nears-65k-as-chinese-stocks-rebound/?utm_medium=referral&utm_source=rss&utm_campaign=headlines