‍China's Stimulus: A Potential Catalyst for Altcoin Surge?

Global economic trends, particularly potential stimulus from China's central bank, are increasingly influencing the cryptocurrency market. Historically, increased global liquidity, driven by lower interest rates or special financing, tends to benefit risk assets like cryptocurrencies.

A 21Shares report noted a 94% correlation between Bitcoin's price and global liquidity. With significant global monetary bases, China's economic decisions are crucial. Recent data suggests potential stimulus: July retail sales declined 0.1% MoM, fixed asset investments dropped 5.3% YoY, industrial production rose 0.4%, and urban unemployment hit 5.2%. Analysts anticipate stronger PBOC support soon.

Despite recession fears, markets show resilience, with the S&P 500 reaching new highs and US Treasury yields increasing, indicating reduced risk aversion. Substantial Chinese stimulus could drive liquidity into risk assets, potentially propelling altcoins to new all-time highs.

https://cryptovka.ru/en/news/3831/china-s-stimulus-the-catalyst-for-the-next-altcoin-surge