Bitcoin Stands Above $30K: China Factory Deflation Hints at Possible End of Global Tightening Cycle.
Bitcoin remained stable above the $30,000 mark on Monday, buoyed by China’s latest producer price index (PPI) data, which suggests that the global cycle of tightening liquidity, initiated in early 2022 and affecting risk assets including cryptocurrencies, is nearing its conclusion. The National Bureau of Statistics (NBS) revealed that China’s PPI, a gauge of factory-gate […]