Appetite for Crypto Assets Could Grow as PBOC Announces Easing

The crypto market is off to a bad start this week. But that has not depleted its possibilities of registering a big fat rebound thanks to Beijing.
The People’s Bank of China announced that it is slashing down interest rates on its medium-term loans – from 3.25 percent to 3.15 percent. At the same time, it injected about $29 billion worth of yuan into the system, which included $14 billion in repurchase agreements.The People's Bank of China (PBOC) cut the interest rate of its medium-t