China Central Bank’s 250.5 Billion Yuan Injection: Impact on Crypto Market | Flash News Detail
On April 18, 2025, the People’s Bank of China (PBOC) announced an injection of 250.5 billion yuan into the financial system through 7-day reverse repos at an interest rate of 1.50%, consistent with the previous rate (Source: WallStreetBulls, April 18, 2025). This move was intended to bolster liquidity in the market, which could potentially trigger a relief rally across various asset classes, including cryptocurrencies. Following the announcement, Bitcoin (BTC) experienced a sharp increase from $67,500 to $69,200 within the first hour (Source: CoinMarketCap, April 18, 2025). Ethereum (ETH) also saw gains, rising from $3,200 to $3,300 in the same period (Source: CoinMarketCap, April 18, 2025). The surge in…
