Quick Take The People’s Bank of China’s (PBoC) continued liquidity injections into the market have been observed to coincide with significant movements in Bitcoin’s price. For instance, analyst Alessio Urban noted on Oct. 24 that as the PBoC’s liquidity injections surged, Bitcoin simultaneously broke above the $30,000 mark. A similar pattern was noted earlier this year, […]
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Correlation observed between PBoC liquidity injections and price of Bitcoin