Could decline in Chinese stocks redirect capital back to Bitcoin, crypto trading?
- Crypto investors have reportedly shifted focus to the recent Chinese stock rally
- As the equity uptrend falters, will investors revert to crypto trading?
Chinese stocks’ rally has tapered after a disappointing stimulus package, raising hopes of a potential shift to Bitcoin [BTC] and crypto trading.
Since late September, Asian stocks have rallied amid solid Chinese government stimulus packages and expectations that the policies could continue in 2024.
According to Alex Kruger, an economist and market analyst, markets expected the Chinese government to announce an extra $1.4 trillion fiscal package. However, only a $14 billion package was announced.
This dampened market optimism, triggering most Chinese stocks to retrace…
