Bitcoin Steady Above $30,000 as China's Producer Price Index Suggests End of Global Liquidity-Tightening Cycle

07/10 10:01

Bitcoin remained stable above $30,000 on Monday as China's producer price index (PPI) data indicated that the global liquidity-tightening cycle, which began last year and affected cryptocurrencies, is coming to an end. China's PPI fell 5.4% YoY in June, the ninth consecutive monthly decline and the steepest drop in seven years, leading to deflationary pressures in the global economy.
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