China's highly-anticipated fiscal stimulus announcement fell short of expectations, reducing the likelihood of capital flows into Chinese equities.

  • BTC revisited Friday's high above $63,000, maintaining the positive momentum.
  • China's highly-anticipated stimulus announcement fell short of expectations, suggesting a low probability of continued outflows into China-linked assets.

Bitcoin (BTC) made another push toward establishing a foothold above $63,000 on Saturday as China's highly-anticipated fiscal stimulus announcement fell short of expectations, reducing the likelihood of a capital rotation into Chinese equities.

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