🚀 Bitcoin Surges Past $65K Amid Global Market Moves!

Bitcoin {{BTC}} has soared to levels not seen in nearly two months, pushing past the $65,000 mark during U.S. morning hours on Thursday. Currently trading at around $65,400, BTC is up 2.7% in the past 24 hours. The broader CoinDesk 20 Index also saw gains, with Cardano {{ADA}}, Avalanche {{AVAX}}, and NEAR Protocol {{NEAR}} outperforming BTC, while Ether {{ETH}} modestly underperformed.

Key Drivers:

- U.S. Federal Reserve slashed interest rates by 50 basis points, sparking market optimism.

- China may inject up to 1 trillion yuan ($142 billion) into state banks to boost its economy.

Global Impact:

- Shanghai Composite jumped 3.6%, eyeing its best week in a decade.

- European and U.S. stocks are also in the green.

- Precious metals surged, with gold hitting a record high above $2,700 per ounce.

Spotlight on ETFs:

- Renewed interest in U.S.-based spot bitcoin ETFs, with BlackRock’s iShares Bitcoin Trust (IBIT) seeing inflows of nearly $185 million on Wednesday.

What are your thoughts on BTC's rise and the global market shifts? Drop your comments below! 💬