𝗧𝗼𝗺𝗼𝗿𝗿𝗼𝘄 𝗰𝗼𝘂𝗹𝗱 𝗯𝗲 𝗮 𝗯𝗶𝗴 𝗱𝗮𝘆 𝗳𝗼𝗿 𝗖𝗵𝗶𝗻𝗲𝘀𝗲 𝘀𝘁𝗼𝗰𝗸 𝗶𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀, 𝘄𝗶𝘁𝗵 𝗺𝗮𝗻𝘆 𝗲𝘅𝗽𝗲𝗰𝘁𝗶𝗻𝗴 𝘁𝗵𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝘁𝗼 𝗕𝘂𝗹𝗹𝗶𝘀𝗵..

Tomorrow could be a big day for Chinese stock investors, with many expecting the market to soar. However, foreign analysts aren’t convinced, as they believe China’s core economic problems still haven’t been solved. Some think A-shares are drawing money away from the crypto market, making it hard for cryptocurrencies to see any real gains.

Personally, I checked my investment in China Duty Free, bought right after COVID-19 restrictions were lifted, and realized it would need at least 10 days of maximum gains just to break even. This shows that the hype might not be as solid as it seems.

Recently, the Chinese stock market has been on the rise, thanks to government efforts to boost the economy. But this increase could be pulling money out of the crypto market, slowing down growth for assets like Bitcoin.

The Shanghai Composite Index has jumped more than 15% since late September, reaching its highest level in months. Meanwhile, Bitcoin is still stuck around $63,000, continuing to trade in a narrow range between $48,000 and $68,000, even with the positive news from China.

Analysts have noted that despite China’s massive stimulus package—meant to boost riskier assets like Bitcoin—the impact on Bitcoin’s price has been limited. Danny Chong, co-founder of the Singapore Digital Asset Alliance, believes this shift of funds might be short-lived.

However, some traditional analysts warn that China’s deeper economic issues are still unresolved. TS Lombard pointed out that unless major problems, like stabilizing the banking sector, are addressed, this wave of growth might not last long.

#China #ChinaCrypto #Market_Update #SECAppealRipple #HBODocumentarySatoshiRevealed