China Increases Gold Reserves as Bitcoin Holds Strong
- China’s central bank added five tonnes of gold to its reserves in March, marking the fifth consecutive monthly purchase.
- Total Chinese gold reserves have reached a record 2,292 tonnes, accounting for 6.5% of its total official reserve assets.
- The price of Bitcoin remains stable above $87,000 despite market fluctuations and recent geopolitical tensions.
- Over 60 new “whale” wallets holding more than 1,000 Bitcoin have emerged since early March.
- Gold prices surged to $3,401 amid ongoing US-China trade tensions.
China’s aggressive gold acquisition strategy has led to record reserves while Bitcoin maintains stability above $87,000. This trend reflects a shift towards safe-haven assets amidst global economic uncertainties.
Source (2.6)https://www.newsbtc.com/bitcoin-news/gold-rush-or-bitcoin-boom-china-buys-big-btc-price-follows/?rand=52377
