🚀【Bitcoin breaks $64,000! Gold is not to be outdone】💰

In the past five days, Bitcoin has seen a 7% increase, breaking the $64,000 mark for the first time since August 26! Meanwhile, gold has hit a record high more than 30 times this year, breaking through $2,600 per ounce. 🌟

Analyst James Van Straten said this wave of Bitcoin and gold's outstanding performance is mainly attributed to increased global liquidity, the expansion of central bank balance sheets, and the Federal Reserve's recent rate cuts. The Fed's balance sheet is currently $7.1 trillion, and although quantitative tightening is still ongoing, the pace has slowed. 📉

The reduction in reverse repo balances (just over $300 billion) has released more liquidity back into the financial system, stimulating lending, investment, and overall economic activity. This increase in liquidity is particularly stimulating to Bitcoin, as Bitcoin's movements tend to echo liquidity trends. 📈

In addition, the Federal Reserve's 50 basis point rate cut further supported the rise of Bitcoin and gold. Overall, despite the complex market environment, Bitcoin still shows strong growth potential. 🔍