The global coordinated monetary easing campaign by Western central banks has led to most asset classes rising, except for bitcoin. Despite the rally on Friday, bitcoin's price remains below $60,000 and 20% below its all-time high. While bitcoin has performed well year-to-date and compared to U.S. stocks and gold, it has struggled to surpass its previous record levels from three years ago. Bitcoin's price has historically not been significantly affected by rate cutting cycles, suggesting that larger, emergency-style central bank measures may be necessary to trigger a new bull run.



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