Bitcoin should paradoxically gain from China's stimulus rethink, but "near-term downside" risks remain for risk assets.
Bitcoin (BTC) and crypto should see a fresh liquidity boost despite China halting economic stimulus, analysis says.
In its latest bulletin to Telegram channel subscribers on Oct. 8, trading firm QCP Capital predicted a “capital reallocation” to crypto markets.
BTC price action gave up gains into the Oct. 7 daily close as geopolitical tensions combined with news that China would not inject further stimulus measures — a disappointing outcome for risk assets.
