Expectations of Fed rate cuts + surging ETF inflows push Bitcoin to touch $65,000 for the first time in three weeks
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Bitcoin prices touched $65,000 for the first time in three weeks, driven by expectations of a loosening monetary policy by the Federal Reserve and a recovery in demand for spot Bitcoin ETFs. On Monday, Bitcoin briefly rose 1.2% to $65,030, before falling back to around $64,000. Federal Reserve Chairman Powell's statement suggesting that a rate cut could be beneficial for market liquidity attracted $252 million in ETF inflows. In contrast, the US spot Ethereum ETF saw net outflows, leading to a decline in Ethereum
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