Bitcoin Targets $68,000 Amid Bullish Sentiment from Chinese Rate Cuts

Bitcoin aimed for $68,000 at the July 22 Wall Street open as a Chinese interest rate cut bolstered bullish sentiment in the crypto market. Data from Cointelegraph Markets Pro and TradingView showed Bitcoin (BTC) targeting range highs after dipping below $67,000 earlier in the day. This upward shift coincided with mixed performances in Asian stocks as China announced unexpected interest rate cuts. The People’s Bank of China (PBoC) confirmed it would cut the seven-day reverse repo rate by 0.1% to 1.7%, alongside reductions in the one-year and five-year loan prime rates (LPR), as reported by sources including Reuters. “The cut

Source: CryptoIntelligence