China Opens $44B Overnight Repo Channel as Bitcoin Traders Watch Liquidity

robot
Abstract generation in progress
The People's Bank of China conducted 300 billion yuan of overnight reverse repos on June 29, worth roughly $44.1 billion. The PBOC also conducted 157.5 billion yuan of seven-day reverse repos at a 1.40% rate. The official June 29 notice did not disclose the overnight rate. BTC traded at $60,042 on CryptoSlate on June 29 after falling 18.25% over 30 days.
BTC1.69%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned