A liquidity injection from the People’s Bank of China is believed to have been the reason for a surge in prices of Chinese crypto projects on Monday.
Industry leaders, including the Tron founder Justin Sun, tvirtino that Chinese money will ignite the new crypto bull market in the next few months. Today, China-based cryptocurrencies, like Neo, Konfliktasir Flamingas, are up by more than 20%.
Due to the narrative of the Chinese money-led bull run, a Twitter user, “owen,” shared a watchlist for Chinese cryptocurrencies last week.
Source: https://beincrypto.com/china-quantitative-easing-mode-injects-92b-market/