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【Analyst: China's Central Bank's Interest Rate Cuts Barely Caused Any Reaction In The Cryptocurrency Market】 September 24, Presto Research In Singapore, Research Analyst Rick Maeda Pointed Out That Today's China's Central Bank's Cut In Reserve Requirement Ratio And Interest Rate Has Hardly Caused A Reaction In The Cryptocurrency Market, But Triggered A Rise In Asian Stock Markets, With Hong Kong's Hang Seng Index Up 3.2% And The Shanghai Composite Index Up 4.15%.Bitcoin's Lack Of Reaction To The News, In Contrast To The Rise In Chinese Stock Indices, Highlights That Its Current Beta Value Seems To Be More Closely Linked To The Fed's Policies And The US Market, Especially After Last Week's FOMC Meeting, With The Correlation With US Stocks Close To A Two-year High
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