Bitcoin has soared to a fresh two-month high, hitting $66,194 amid a surge in Chinese stocks boosted by substantial economic stimulus measures. This rise parallels the Shanghai Composite's best performance since 2008, capturing the attention of market watchers globally. As the world's premier cryptocurrency mirrors significant gains in global equity markets, traders are closely monitoring the robust support levels around $65,000.
The recent market dynamics come after the Federal Reserve's policy easing, with speculation mounting about further cuts at the upcoming November meeting. With Bitcoin maintaining its bullish stance amidst these global economic shifts, the crypto community remains on edge, watching for the next big move.
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