Currencies34188
Market Cap$ 4.06T-0.38%
24h Spot Volume$ 106.26B+14.9%
DominanceBTC57.42%-0.55%ETH11.05%+0.22%
ETH Gas0.24 Gwei
Cryptorank

China Injects $139B Into its Economy; James Wynn Calls—Bitcoin is The King


by Izabela Anna
for CoinEdition
China Injects $139B Into its Economy Fuels Bitcoin Appeal
  • China’s $139B liquidity injection fuels Bitcoin’s appeal as a digital safe haven.
  • Institutional CME Bitcoin futures holders hit a record high, rising 36% since January.
  • Bitcoin nears $106K as volume spikes and indicators suggest a bullish breakout.

In an economic climate characterized by increasing monetary expansion and escalating geopolitical uncertainty, Bitcoin continues to gain momentum as a key financial asset. Recent developments highlight a structural shift toward digital assets, especially among institutional and corporate players. 

On June 7th, James Wynn, a prominent whale trader in the crypto space shared an update that China has injected $139 billion worth of liquidity into its economy, which is a long planned move by the country. This event aligns with a broader global trend of central banks printing fiat money at unprecedented levels. Against this backdrop, Bitcoin is emerging as a digital hedge, steadily absorbing excess liquidity from fiat systems around the world.

The post China Injects $139B Into its Economy; James Wynn Calls—Bitcoin is The King appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Bitcoin Rebounds After Galaxy Completes Sale of $9B BTC From Satoshi-Era Whale

Bitcoin Rebounds After Galaxy Completes Sale of $9B BTC From Satoshi-Era Whale

Galaxy said the long-dormant wallet sold 80,000 BTC through the asset manager as part...
Bitcoin to Reach $150,000 Soon: Billionaire Investor Mike Novogratz

Bitcoin to Reach $150,000 Soon: Billionaire Investor Mike Novogratz

Mike Novogratz, the billionaire CEO of Galaxy Digital, is bullish on Bitcoin and rece...

China Injects $139B Into its Economy; James Wynn Calls—Bitcoin is The King


by Izabela Anna
for CoinEdition
China Injects $139B Into its Economy Fuels Bitcoin Appeal
  • China’s $139B liquidity injection fuels Bitcoin’s appeal as a digital safe haven.
  • Institutional CME Bitcoin futures holders hit a record high, rising 36% since January.
  • Bitcoin nears $106K as volume spikes and indicators suggest a bullish breakout.

In an economic climate characterized by increasing monetary expansion and escalating geopolitical uncertainty, Bitcoin continues to gain momentum as a key financial asset. Recent developments highlight a structural shift toward digital assets, especially among institutional and corporate players. 

On June 7th, James Wynn, a prominent whale trader in the crypto space shared an update that China has injected $139 billion worth of liquidity into its economy, which is a long planned move by the country. This event aligns with a broader global trend of central banks printing fiat money at unprecedented levels. Against this backdrop, Bitcoin is emerging as a digital hedge, steadily absorbing excess liquidity from fiat systems around the world.

The post China Injects $139B Into its Economy; James Wynn Calls—Bitcoin is The King appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Bitcoin Rebounds After Galaxy Completes Sale of $9B BTC From Satoshi-Era Whale

Bitcoin Rebounds After Galaxy Completes Sale of $9B BTC From Satoshi-Era Whale

Galaxy said the long-dormant wallet sold 80,000 BTC through the asset manager as part...
Bitcoin to Reach $150,000 Soon: Billionaire Investor Mike Novogratz

Bitcoin to Reach $150,000 Soon: Billionaire Investor Mike Novogratz

Mike Novogratz, the billionaire CEO of Galaxy Digital, is bullish on Bitcoin and rece...