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Bitcoin Breaks Above $64,000 as Global Monetary Easing Expectations Heat Up
Bitcoin Breaks Above $64,000 as Global Monetary Easing Expectations Heat UpTraders on Tuesday boosted the probability of the Federal Reserve cutting interest rates by 50 basis points for the second time in a row to 61%, as China also joined the near-global monetary easing movement currently sweeping major economies. This news pushed the price of Bitcoin to its highest level in over a month during US afternoon trading on Tuesday, breaking above the $65,000 mark for the first time since early August
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Title: Financial Crisis and Monetary System: The Possibilities and Challenges of Bitcoin
#Challenge 30 Days to Write a Diary on Headlines#Introduction: Financial crises are important and complex issues in the economic field, and the monetary system plays a crucial role in financial crises. In this context, Bitcoin, as a decentralized digital currency, has attracted much attention and is considered to have certain potential to change the traditional monetary system and respond to financial crises
