CandleFocus Bitcoin Pushes Past $64K as Monetary Ease Expectations Grow
2024-09-24
Author: Content Editor
The price of Bitcoin surged to over $64,000, its highest level since early August, as global monetary easing measures and increased money supply in China and the US pushed crypto markets higher. China joined other major economies in easing monetary policy to combat a slowdown in its economy, leading to a small increase in Bitcoin's price. However, consumer confidence in the US fell sharply in September, causing a dip in Bitcoin's price earlier in the day. Despite the recent gains, analysts believe that a breakout above $65,000 is necessary to confirm a bullish trend for Bitcoin.
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