đ 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 BlackRockâs 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! đŹ
