China's recent move towards monetary easing aligns it with other major economies engaged in similar efforts, suggesting a potential shift in global financial dynamics.
Bitcoin is on the brink of a significant milestone, attempting to break past the $65,000 mark for the first time since early August, which analysts urge is essential for a bullish trend.
Currently valued at $64,300, Bitcoin's price saw a near 2% increase in the past 24 hours, showcasing an upward potential that's been building over the previous week.
Despite a notable gain of over 10% from last week's levels, Bitcoin's situation remains uncertain as it has yet to achieve a breakout above previously reached highs.
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