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Bitcoin hits $97K as China injects $138B and Fed ramps bond purchases

Home » News » China » Bitcoin hits $97K as China injects $138B and Fed ramps bond purchases

Bitcoin hits $97K as China injects $138B and Fed ramps bond purchases

Diya Poddar 08/05/2025 03:30

PBOC cuts rates, trims mortgage costs. Trade talks between US and China scheduled. Markets await FOMC guidance on policy shift. Bitcoin surged past $97,000 on Wednesday before settling above $96,000, as a confluence of global monetary moves stirred markets ahead of the Federal Reserve’s policy announcement…

CoinJournal
PBOC cuts rates, trims mortgage costs. Trade talks between US and China scheduled. Markets await FOMC guidance on policy shift. Bitcoin surged past $97,000 on Wednesday before settling above $96,000, as a confluence of global monetary moves stirred markets ahead of the Federal Reserve’s policy announcement…
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