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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-surpasses-65000-driven-by-market-trends/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Surpasses $65,000 Driven by Market Trends</a><br></p>
<p style="text-align: justify">Bitcoin gained value this week, surpassing the $65,000 mark. This increase can be attributed to the expanding stock market, favorable U.S. employment data, and China’s economic stimulus measures.</p>
<h2 id="rally-in-the-stock-market">Rally in the Stock Market</h2>
<p style="text-align: justify">The rise in Bitcoin is influenced by the overall rally in the stock market. Positive employment data from the U.S. has bolstered investor confidence, supporting market growth.</p>
<h2 id="china-s-economic-stimulus-measures">China’s Economic Stimulus Measures</h2>
<p style="text-align: justify">China has lowered interest rates and increased bank liquidity to revitalize its economy. Additionally, measures like housing incentives and the establishment of a stock stability fund are being implemented to combat deflation.</p>
<blockquote>
 <p>“China will provide over 1 trillion yuan in liquidity by reducing the reserve requirement ratio by 50 basis points,” stated the People’s Bank of China.</p>
</blockquote>
<h2 id="relationship-between-bitcoin-and-global-liquidity">Relationship Between Bitcoin and Global Liquidity</h2>
<p style="text-align: justify">There is a strong long-term correlation between Bitcoin and global liquidity. This correlation indicates that as liquidity expands, Bitcoin tends to gain in value.</p>
<blockquote>
 <p>“Reports show that Bitcoin’s correlation with liquidity is higher than that of gold and stocks,” noted macroeconomic expert Lyn Alden.</p>
</blockquote>
<p style="text-align: justify">China’s efforts to increase liquidity may contribute to Bitcoin’s long-term rise. However, in the short term, Bitcoin’s price movements can be significantly influenced by crypto-specific factors.</p>
<p style="text-align: justify">The recent rise in Bitcoin presents an important opportunity for investors to observe the relationship between <a href="https://en.coin-turk.com/bitcoin-bull-market-is-the-bull-back/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrencies</a> and economic indicators.</p>
<blockquote>
 <p>“China’s efforts to open liquidity gates could be favorable for Bitcoin,” analysts suggest, expressing optimism about the market’s prospects.</p>
</blockquote>
<p style="text-align: justify">Market observers predict that with the ongoing impact of economic data from China and the U.S., Bitcoin’s value may continue to rise.</p>
<p>The post <a href="https://en.coin-turk.com/bitcoin-surpasses-65000-driven-by-market-trends/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Surpasses $65,000 Driven by Market Trends</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Bitcoin Surpasses $65,000 Driven by Market Trends

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