#Can BTC break its ATH in October? The reason for this interest in Bitcoin is related to the 0.5% cut in interest rates by the Central Bank of the USA. This is because the decision brings relief to the American economy, which has been under pressure for four years while the Fed tried to control inflation.
In addition, the economic stimulus measures by the People's Bank of China have also encouraged cryptocurrency investors. In total, R$ 776 billion (1 trillion yuan) will be injected into the market, along with plans to introduce new benefits with the same intention.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#Can BTC break its ATH in October? The reason for this interest in Bitcoin is related to the 0.5% cut in interest rates by the Central Bank of the USA. This is because the decision brings relief to the American economy, which has been under pressure for four years while the Fed tried to control inflation.
In addition, the economic stimulus measures by the People's Bank of China have also encouraged cryptocurrency investors. In total, R$ 776 billion (1 trillion yuan) will be injected into the market, along with plans to introduce new benefits with the same intention.