Analysis: BTC breaks through $65,000 to stimulate U.S. spot Bitcoin ETF investment interest

After the Federal Reserve cut interest rates for the first time in more than four years and chose to cut interest rates by 50 basis points, the FedWatch tool of the Chicago Mercantile Exchange showed that traders expect the Fed to cut interest rates again at its next meeting on November 7, and current bets tend to cut interest rates by another 50 basis points. Analysts believe that Bitcoin broke through the $65,000 mark on Thursday, and the "catalyst" may come from the economic stimulus policies launched domestically. As the price of Bitcoin rises, people have regained interest in the recently sluggish U.S. spot Bitcoin ETF. According to Farside Investors data, BlackRock's iShares Bitcoin Trust (IBIT) saw huge inflows on Wednesday, with investors injecting nearly $185 million in new funds into the fund. The previous day's inflows were $98.9 million, and in the previous few weeks, as Bitcoin prices performed poorly, inflows were flat or even negative. (Coindesk)