Bitcoin and crypto prices have bounced back this week, with bitcoin again surging toward $100,000 as the market braces for an Elon Musk earthquake.

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The bitcoin price limped into 2025, struggling along with global stock markets, despite wild speculation China could have beaten Donald Trump and the U.S. to creating a bitcoin reserve.

Now, as traders focus on a looming key date for incoming U.S. president Trump, a leak has revealed China’s central bank is scrambling to contain a fervid bond rally as it gears up to deliver a stimulus bazooka.

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