Bitcoin eyes new high as China joins Fed with pandemic-level stimulus
Key Takeaways
- China’s $140 billion stimulus could drive Bitcoin to surpass $70,000.
- Bitcoin’s technical breakout suggests a potential rally to new all-time highs.
- Bitcoin daily close above $65,000 is ‘pivotal’ to start an upward movement – Kraken
- Gensler’s exchange rule proposal sparks concerns for DeFi and crypto platforms
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