The rally follows stimulus announcements that included interest rate cuts, liquidity support for stocks, banking system capital injections, and a promise to support property prices. The enormous stimulus, estimated to be over 7.5 trillion yuan (CNY), has been widely perceived as uber-bullish for bitcoin and other risk assets. Bitcoin, however, remains flat-lined at around $64,000 in the wake of the China stimulus, extending a six-month-long consolidation between $50,000 and $70,000.
VENKO Achieves Key Milestones and Expands Utility with Alien-Themed Ecosystem on Solana
Dubai, Dubai, October 7th, 2024, Chainwire VENKO, an alien-themed meme coin launched on the Solana blockchain, has seen early traction with...