CandleFocus Bitcoin Hits $65K for First Time Since Early August, Renewing Investor Interest in Spot ETFs
2024-09-26
Author: Content Editor
Bitcoin's price has surged past $65,000, reaching levels not seen in nearly two months. The rise began last week after the US Federal Reserve cut interest rates, and traders are now anticipating another rate cut at the next Fed meeting. China's consideration of injecting $142 billion into its state banks to boost its struggling economy has also contributed to the global market's positive performance. This increase in Bitcoin's price has sparked renewed interest in US-based spot bitcoin ETFs, with BlackRock's iShares Bitcoin Trust reporting significant inflows.
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