Cryptocurrency investors were expecting steps to stimulate the economy in China's stimulus announcement expected to be made on Tuesday. In particular, measures such as interest rate cuts and liquidity support had created a great expectation in the markets. However, the press conference organized by China's National Development and Reform Commission did not include incentive details, although it emphasized confidence in economic targets.
This uncertainty led to a retreat in stock market indices in Asia and Europe, while the Bitcoin price was also negatively affected. While the rise in China's stock markets came to a rapid halt, the Bitcoin price fell by $2,200, causing investors to be disappointed.
