Odaily Planet Daily News 🌍 Affected by the global wave of interest rate cuts, Bitcoin is expected to record a historic increase in September! 📈 Bloomberg data shows that the price of Bitcoin has risen by more than 10% this month, while the average decline in September in the past decade was 5.9%. The small token index also climbed by more than 20%, showing that the loose financial environment is activating the high-risk cryptocurrency market.

To support economic growth, the Federal Reserve and the European Central Bank, etc., both lowered borrowing costs in September. Investors are expecting more stimulus measures to be introduced and have rushed to buy assets ranging from stocks to gold. Sean McNulty, head of trading at liquidity provider Arbelos Markets, said that Bitcoin has the highest correlation with monetary policy, and the loose policies of other central banks are also helpful. Caroline Mauron, co-founder of Orbit Markets, pointed out that the $65,000 level may be "strong" for a few hours due to the expiration of a large number of options contracts on Friday. 💪

The outlook for the Bitcoin market is optimistic and worth paying attention to! 🚀