Bitcoin surpassed $64,000 ahead of speeches from Federal Reserve Chair Jerome Powell and reports of continued support for China's economy. The approval of options trading on Blackrock's IBIT may lead to increased interest from retail and institutional investors. Powell's speech is expected to provide insight into potential shifts in sentiment after the last FOMC press conference. Gold also reached a record high, while China is considering injecting $142 billion into its banking system. Bitcoin's appeal is growing among both retail and professional investors, with positive net inflows and increased confidence from smaller holders. The approval of options on Blackrock's Bitcoin Trust could further boost BTC's gains.
- Content Editor ( coindesk.com )
- 2024-09-26
Bitcoin Jumps Over $64K Ahead of Powell Speech; IBIT Options Could Provide Longer-Term Boost