Since falling below $52,000 in September, Bitcoin has risen as JPMorgan's CEO issues major inflation concerns.

The BlackRock-led Wall Street bitcoin revolution (which is now ripe for a new earthquake) has driven the bitcoin price up over 200% in two years.

As details of a secret meeting between Elon Musk and El Salvador's bitcoin-supporting president Nayib Bukele emerge, China has unleashed a flood of stimulus measures to stabilize its stalling economy, following the U.S. Federal Reserve's interest rate cut and global monetary policy easing cycle.

People's Bank of China governor Pan Gongsheng proposed "bold" stimulus measures, including lowering mortgage rates and bank reserves by 50 basis points, to boost economic development.

"I think these are pretty bold moves from authorities," Capital.Com senior financial market analyst Kyle Rodda told Reuters. "Not 'big bang' stimulation. Financial markets and banking assistance are its main targets. Overall, investors are positive."

"More and bolder easing measures could also be in store in the coming quarters," said OCBC managing director of investment strategy Vasu Menon.

The bitcoin price and crypto market have not moved on China's announcement, even as Asian markets rose to their greatest level in over two and a half years.

"Bitcoin's lack of response to this news, juxtaposed against rallying Chinese indices, highlights that its current beta appears more tightly linked to Fed policy and U.S. markets, as evidenced by near two-year high correlations with U.S. stocks, particularly following last week's FOMC [Federal Open Market Committee] meeting," Rick Maeda, a Singapore-based analyst at Presto said.

The Fed's historic 0.5% interest rate decrease last week propelled bitcoin prices upward as traders prepared for a new liquidity cycle.

Bullish investors expect bitcoin prices to rise in the next years due to the Federal Reserve interest rate drop and Chinese stimulus.