{"id":38491,"date":"2024-09-27T03:57:05","date_gmt":"2024-09-27T03:57:05","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-breaks-65k-for-first-time-since-august\/"},"modified":"2024-09-27T03:57:05","modified_gmt":"2024-09-27T03:57:05","slug":"bitcoin-breaks-65k-for-first-time-since-august","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-breaks-65k-for-first-time-since-august\/","title":{"rendered":"Bitcoin Breaks $65K for First Time Since August"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p><a href=\"https:\/\/igaming.org\/cryptocurrencies\/section\/what-is-a-bitcoin\/\">Bitcoin<\/a> has surged past $65,000 for the first time since early August, reigniting interest among investors, especially in U.S.-based spot Bitcoin ETFs. The cryptocurrency reached $65,400 during U.S. morning trading on Thursday, marking a 2.7% increase in just 24 hours.<\/p>\n<p>This rise in Bitcoin\u2019s price kicked off last week when the U.S. Federal Reserve took unexpected action, cutting interest rates by 50 basis points instead of the anticipated 25. This was the Fed\u2019s first rate cut since the Covid pandemic, and traders are now expecting another 50-point reduction at the upcoming meeting in early November.<\/p>\n<p>Beyond the Fed\u2019s decision, another key driver on Thursday came from China. The Chinese government is reportedly considering injecting up to 1 trillion yuan ($142 billion) into its major state banks. This move aims to stimulate the struggling economy, a development that sent ripples through global markets, not just Bitcoin.<\/p>\n<p>As a result, precious metals like gold and silver also saw price boosts. Gold surged to a new record high above $2,700 per ounce, and silver hit its highest price in 12 years.<\/p>\n<p>At the same time, Bitcoin\u2019s renewed momentum has brought attention back to U.S.-based spot Bitcoin ETFs, which saw over $500 million in inflows this week alone. The recent spike in Bitcoin\u2019s price appears to have sparked renewed interest in these funds after a period of stagnation.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>5BTC or 111% + 111 Free Spins!<\/strong> <\/p>\n<p>New players only. Exclusive 111% Welcome Bonus + 111 Free Spins<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/bitcoin-breaks-65k-for-first-time-since-august\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Bitcoin has surged past $65,000 for the first time since early August, reigniting interest among investors, especially in U.S.-based spot Bitcoin ETFs. The cryptocurrency reached $65,400 during U.S. morning trading on Thursday, marking a 2.7% increase in just 24 hours. This rise in Bitcoin\u2019s price kicked [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":38492,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/38491"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=38491"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/38491\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/38492"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=38491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=38491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=38491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}