438190
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@zoldy.eth #438190

FID : 438190 - zoldy.xyz - Animated 3D
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Bitcoin Hits $65K for First Time Since Early August, Renewing Investor Interest in Spot ETFs

Bitcoin (BTC) is back to levels not seen in nearly two months as it pushed past the $65,000 mark during U.S. morning hours on Thursday.
The largest cryptocurrency by market cap traded just shy of $65,400 at press time, up 2.7% over the past 24 hours. The broader CoinDesk 20 Index was higher by 1.6% over the same time frame, with Caradno (ADA), Avalanche (AVAX) and NEAR Protocol (NEAR) all outperforming bitcoin's advance, but ether (ETH) modestly underperforming.

Bitcoin's rise began last week when the U.S. Federal Reserve slashed interest rates for the first time since the Covid pandemic more than four years ago, opting to cut by 50 basis points instead of the previously expected 25 basis point move. Traders anticipate another cut to come at the Fed's next meeting on Nov. 7, with current betting favoring another 50 basis point reduction, according to the CME FedWatch Tool
Bitcoin (BTC) was invented by a pseudonymous individual or group named Satoshi Nakamoto in 2008 and is the world’s first enduring cryptocurrency that succeeded where decades of digital cash experiments failed.

Bitcoin’s monetary policy is enforced through a unique blend of software, cryptography and financial incentives rather than the whim of trusted third parties. The Bitcoin network is powered by a cryptographically secure, verifiable database called the blockchain — itself a technological phenomenon.

At Cointelegraph, we are chronicling the ongoing story of Bitcoin and the rise of a borderless, permissionless financial system. What has changed since Satoshi wrote the Bitcoin white paper? How is Bitcoin trading developing over the years, what are the best ways of investing in Bitcoin, and how do Bitcoin futures influence blockchain adoption? How will industry stakeholders work
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