Bitcoin Price Surges to $68,000 Following China's Interest Rate Cut
Bitcoin dips briefly before rebounding; gains driven by China's rate cut and U.S. market anticipation.

Bitcoin dips briefly before rebounding; gains driven by China's rate cut and U.S. market anticipation.
BTC Hits New Two-Year High: Surges to $59,485, nearing ATH. Breaks records against multiple fiat currencies. Bullish momentum expected amid upcoming halving.
Scott Melker believes that during the last halving cycle, the price of Bitcoin rose from a high of $20,000 to a high of $69,000, an appreciation of 250.86%. If a similar trend emerges, “Bitcoin will be at $240,000.”
Bitcoin-centric firms MicroStrategy and Coinbase witnessed substantial pre-market gains as BTC crossed $45,000. While Coinbase's stock surged by 6.4%, MicroStrategy's shares rose by 9.14%. The contrasting trend of these companies compared to year-end struggles hints at the potential impact of the spot Bitcoin ETF approval buzz.
The crypto world is also seeing a move towards decentralised exchanges.
A casual dash over the $25,000 mark is fully retraced as weekend trading produces some classic volatility.
A push towards the top of the intraday trading range places Bitcoin in line for a bull flag on daily timeframes.
Relief endures despite a U.S. trading holiday, but worries over waning momentum in stocks means the short-term outlook remains gloomy.
Bitcoin SV joins the hard fork in posting dismal price performance as the dust settles on the Terra UST debacle.