BITCOIN SURGES 10% AS CENTRAL BANKS SHIFT POLICIES
Bitcoin (BTC) surged 10% this week, fueled by central bank actions, including U.S. Federal Reserve rate cuts and the Bank of Japan's decision to hold rates steady, avoiding market chaos. Bitcoin briefly hit $64,000 before settling, with the macro environment favoring riskier assets like $BTC.
Market optimism is growing, reflected in a steepening U.S. treasury spread, and CoinGlass reports a $5 billion rise in Bitcoin open interest, signaling new money and long positions.
Other cryptocurrencies like Solana $SOL and Ethereum (ETH) gained 7%, while memecoins like $BONK surged 10%, highlighting increased market risk appetite.
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