Rally

bullish

2024

Coin

<ul class="wp-block-list news-points">
 <li>China’s CSI 300 Index surged 10% after key policy measures from the PBOC aimed at boosting economic recovery and the housing market.</li>
 <li>U.S. equities, including the S&amp;P 500, reached record highs last week, fueled by strong GDP growth and higher consumer confidence.</li>
 <li>Global commodity prices, particularly gold and copper, spiked as optimism about economic recovery grew following China’s policy shifts.</li>
</ul>
Crypto analyst Dan Gambardello has drawn parallels between China’s CSI 300 stock market index’ latest breakout and surge and Bitcoin’s post-halving price action.
With last week’s U.S. Federal Reserve’s meeting and now with China’s stock index surge, this has the potential to spark the next global bull run.
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 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">I can't believe this! CSI 300 Index (China's version of the S&amp;P 500) is breaking out on the monthly, almost identical to previous cycles. It's insanely lining up with the post-Bitcoin halving, setting up for that parabolic bull season. Do you understand how bullish this is? <a href="https://t.co/WwQdLspxrC" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/WwQdLspxrC</a>— Dan Gambardello (@cryptorecruitr) <a href="https://twitter.com/cryptorecruitr/status/1839671124486918353?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 27, 2024</a>
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The CSI 300 Index, often compared to the S&amp;P 500, surged to a four-year high, gaining over 10%.…
The post <a href="https://coinedition.com/bitcoin-stocks-and-commodities-rally-together-analyst-insight/" rel="noopener noreferrer nofollow">Bitcoin, Stocks, and Commodities Rally Together: Analyst Insight&nbsp;</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Bitcoin, Stocks, and Commodities Rally Together: Analyst Insight

Coin Edition

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