Bitcoin Price Soars as China Invests $138 Billion & Markets Fuel a Global Bull Run

Bitcoin prices are surging, reaching new highs above $97,000 after a significant injection of capital by the Chinese government. This comes amid easing monetary policy from the People’s Bank of China (PBOC) that releases over $138 billion into the market. The move is driving optimism and investor confidence in crypto assets as global risk appetite increases. Traders are closely watching US-China trade negotiations, which could further influence the momentum in the market. This price surge comes after a period of strong volatility for Bitcoin, with prices bouncing back from their March lows.