Bitcoin's price reached $68,000 after the People's Bank of China unexpectedly cut interest rates, signaling potential economic easing. The rate cut has sparked optimism among investors, leading to increased demand for Bitcoin as an alternative asset. This surge marks a significant recovery for Bitcoin, which had been trading lower in previous weeks. Analysts suggest that the favorable macroeconomic environment could further support Bitcoin's price in the near term.Read more on Decrypt
Bitcoin Hits $68,000 After China Unexpectedly Cuts Interest Rates
