Bitcoin surged past $64,000 as traders anticipate further monetary easing measures from central banks. The growing expectation of a second consecutive 50 basis point interest rate cut by the US Federal Reserve in November has provided a strong tailwind for the cryptocurrency market. The broader backdrop of global monetary easing, including China's move to lower interest rates, has fueled optimism. Despite recent gains, some analysts remain cautious about declaring a full breakout, noting that a confirmed change in market structure above $65,000 would be the key threshold for a more bullish outlook.



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