Bitcoin Steadies at $85K Amid China’s Gold Accumulation
- China increased its gold holdings by five tonnes in the past month.
- The People’s Bank of China is leading this gold accumulation spree.
- Bitcoin price remains stable at $85,000 despite recent macroeconomic challenges.
- Gold prices have surged to $3,326, gaining nearly $100 recently.
- US-China tariff tensions are driving interest in safe-haven assets like gold and Bitcoin.
China’s recent addition of five tonnes to its gold reserves has coincided with Bitcoin maintaining a strong position at $85,000. This stability comes amid heightened interest in safe-haven assets due to ongoing US-China trade tensions.
Source (2.6)https://coingape.com/bitcoin-price-flashes-brilliance-as-china-increases-gold-holdings-by-five-tonnes/?rand=24432
