The price of Bitcoin reached a one-month high after central banks cut interest rates in September, with analysts expecting the upward trend to continue.
In the past 30 days, the price of Bitcoin has risen nearly 5 percent, climbing to over $65,000 on Thursday, September 26, marking its highest level since August 26. However, at the time of writing, BTC has lost some of its gains and is trading around $64,680.
The rally is believed by many to be due to easing policies by global central banks. Cryptocurrencies have benefited greatly from central banks’ commitments to cut interest rates.
The European Central Bank implemented its second rate cut of the year, and the U.S. Federal Reserve introduced a 0.5 percent cut. On Tuesday, the People’s Bank of China joined them with cuts in key lending rates and an increase in market liquidity.
Historically, the price of Bitcoin has risen in periods of monetary easing, such as in 2020 when prices jumped more than 1,500% due to near-zero interest rates.
Swan, a Bitcoin-focused financial firm, has issued a striking market update suggesting that the current BTC cycle isn’t just another repeat of the past—it might be the last of its kind.
Ross Ulbricht, founder of the infamous Silk Road marketplace, is back in the headlines after receiving a mysterious transfer of 300 BTC—valued at roughly $31 million.
Bitcoin could be heading for a notable dip if it fails to stay above a key price zone, according to market watcher DonAlt.
A new report from Cane Island reveals a startling truth about Bitcoin’s supply: by late 2025, over 7 million BTC could be permanently lost—more than one-third of all coins ever mined.